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How does gay marriage affect taxes

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Justice Kennedy was the swing vote. No union is more profound than marriage, for it embodies the highest ideals of love, fidelity, devotion, sacrifice, and family. In forming a marital union, two people become something greater than once they were. As some of the petitioners in these cases demonstrate, marriage embodies a love that may endure even past death. It would misunderstand these men and women to say they disrespect the idea of marriage.
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4 questions for same-sex couples to consider

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Same-Sex Marriage Affects Taxes, Social Security

Carrie Johnson. While equal rights occupy a large part of the debate over same-sex marriage, federal taxes are also a concern for gay couples. Experts say repealing the Defense of Marriage Act will affect some same-sex couples when they file their taxes. When advocates for gay marriage talk about it, they usually focus on the struggle for equality and civil rights. But how the Supreme Court decides the Defense of Marriage Act case being argued this week could possibly have big implications in another arena — the money same-sex couples owe the Internal Revenue Service.
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Your Money, Your Future

It's been nearly two years since the U. Department of the Treasury and the Internal Revenue Service IRS ruled that same-sex couples legally married in states that recognize their marriages, should be treated as married for federal tax purposes. Subsequently, the ruling applies regardless of whether the couple lives in a state that recognizes same-sex marriage or a state that does not. While the ruling was a positive move toward tax equality for all married couples, regardless of sexual orientation, until all states recognize same-sex marriage, same-sex couples need to be aware of the gaps and complexities that still exist in our tax and benefits code.
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Information here explains how the rules apply for married couples and civil partners. Anything left by a partner of a same-sex couple not in a marriage or civil partnership, but who live together as if in a marriage or civil partnership, is subject to Inheritance Tax if its value is more than the rate set for that year. When a married couple or civil partners sells or otherwise dispose of their only or main residence, they may be entitled to Private Residence Relief.

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