Married same-sex couples gain equal tax benefits - KYTX CBS 19 Tyler Longview News Weather Sports

Married same-sex couples gain equal tax benefits

Posted: Updated:
Edie Windsor took her tax dispute to the Supreme Court and won a landmark ruling in June. Edie Windsor took her tax dispute to the Supreme Court and won a landmark ruling in June.

NEW YORK (CNNMoney) - Two months after the Supreme Court struck down the Defense of Marriage Act, the Treasury Department on Thursday ruled that legally married same-sex couples will be treated as married for federal tax purposes.

The decision has a host of implications, even for couples who now live in states that don't recognize same-sex marriage.

It affects how couples will be treated in terms of all federal taxes, including income taxes, estate and gift taxes, health insurance, retirement accounts and employee benefits.

The ruling applies to any same-sex couple legally married in any state, the District of Columbia, a U.S. territory or foreign country. It does not apply to registered domestic partnerships, civil unions or other formal relationships recognized under state laws.

"Today's ruling provides certainty and clear, coherent tax filing guidance for all legally married same-sex couples nationwide," Treasury Secretary Jack Lew said in a statement. "It provides access to benefits, responsibilities and protections under federal tax law that all Americans deserve."

  • Local NewsMore>>

  • East Texas mother's bond set at $2 million dollars in daughter's death

    East Texas mother's bond set at $2 million dollars in daughter's death

    Tuesday, July 22 2014 1:30 PM EDT2014-07-22 17:30:22 GMT
    UPDATE: An East Texas mother's bond is now set at $2 million dollars. Stacie Marie Parsons was arraigned in the Henderson Co. jail this morning. She is charged with the capital murder of her 4 year old daughter.More >>
    UPDATE: An East Texas mother's bond is now set at $2 million dollars. Stacie Marie Parsons was arraigned in the Henderson Co. jail this morning. She is charged with the capital murder of her 4 year old daughter.More >>
  • ‘Operation Coyote’ targets human smuggling networks

    ‘Operation Coyote’ targets human smuggling networks

    Tuesday, July 22 2014 4:43 PM EDT2014-07-22 20:43:13 GMT
    photo: (ICE)photo: (ICE)
    WASHINGTON (KYTX) — In a news conference Tuesday, Secretary of Homeland Security Jeh Johnson, joined by U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection Border Patrol and U.S. Deputy Attorney General announced the progress of ongoing enforcement efforts by ICE Homeland Security Investigations (HSI) and the U.S. Department of Justice to target human smuggling networks in the Rio Grande Valley.More >>
    WASHINGTON (KYTX) — In a news conference Tuesday, Secretary of Homeland Security Jeh Johnson, joined by U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection Border Patrol and U.S. Deputy Attorney General announced the progress of ongoing enforcement efforts by ICE Homeland Security Investigations (HSI) and the U.S. Department of Justice to target human smuggling networks in the Rio Grande Valley.More >>
  • Yantis man indicted after admitting to having sex with 12-year-old girl on school playground

    Yantis man indicted after admitting to having sex with 12-year-old girl on school playground

    Tuesday, July 22 2014 4:05 PM EDT2014-07-22 20:05:14 GMT
    photo: Wood Co. Jailphoto: Wood Co. Jail
    QUITMAN (KYTX) – A Wood County Grand jury has indicted a Yantis man on child sex abuse charges.More >>
    QUITMAN (KYTX) – A Wood County Grand jury has indicted a Yantis man on child sex abuse charges.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.