Same-sex couples to pay more taxes

By Balitang America Staff

August 13, 2013

Married same-sex couples may have to pay more taxes. According to a Congressional Research Service report, the increase may result from phasing out income tax credits for families, not that same-sex couples will be required to file joint returns with the IRS. Same-sex couples who are legally married in their state would be subject to the same marriage penalty or marriage bonze as other married couples, depending on each spouse’s income.

Marriage penalties occur when both spouses have similar incomes. The Defense of Marriage Act (DOMA) which was struck down by the US Supreme Court protected same-sex couples in the past by requiring them to file as individuals.

No Comment

Leave a Reply

*

*

POPULAR POSTS