All Rights Reserved. Maybe you're living together as domestic partners or there's no formal arrangement between you at all. What are some examples of the consequences of these rules for qualified retirement plans?
A taxpayer generally may file a claim for refund for three years from the date the return was filed or two years from the date the tax was paid, whichever is later. The IRS has not yet provided guidance regarding the application of Same sex couples filing taxes jointly in Gladstone-Tannum Sands and these rules to qualified retirement plans with respect to periods before Sept.
If both parents claim a dependency deduction for the child on their income tax returns, the IRS will treat the child as the qualifying child of the parent with whom the child resides for the longer period of time during the taxable year. For tax year and all prior years, same-sex spouses who file an original tax return on or after Sept.
Technically, you're still legally married and you can't marry anyone else, but you're considered unmarried for tax purposes so you could each file individual returns using the single filing status. What it really means for your paycheck. Source: The Tax Foundation.
The same is not true for Social Security, which will only recognize couples living in states that allow same-sex marriages. Most newlyweds, if anything, will experience a marriage bonus by filing as a married taxpayer.
Other rules apply to qualifying as head of household, however.
Qualified retirement plans must comply with these rules as of Sept. The payroll tax deferral takes effect Sept. Investopedia requires writers to use primary sources to support their work.