1 result for tag: Same-Sex


DOMA: Is It Time to Recalculate Your Marital Exclusion Amounts

IRS Now Permits Same-Sex Couples to Recalculate Marital Exclusion Amounts   Prior to 2013, under the Defense of Marriage Act (DOMA), same-sex couples were not treated equally and equitably in regards to income tax and estate tax. DOMA was just plain wrong! It was prejudicial and it created second-class citizens from an already growing marginalized community. Recalculating Marital Exclusion Amounts might help to level the playing field.   Following the reversal of “Section 3 “ of DOMA in 2013 (The United States v. Windsor)- the IRS recently issued an IRS Notice 2017–15 that provides procedures for same-sex married couples to ...