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Treasury Dept. now recognizes same sex marriage for federal taxes

SCOTUS gay marriage DOMA

Same-sex couples celebrating another legal victory Friday.

The Treasury Department ruled same-sex couples who are legally married will be recognized as married for federal tax purposes.

The ruling comes just two months after the Supreme Court struck down the Defense of Marriage Act, or DOMA.

That decision affects how couples will be treated in terms of all federal taxes.

That includes income, estate and gift taxes and also, health insurance, retirement accounts and employee benefits.

The decision covers all same-sex couples legally married and it applies to every state.

Filed in: News

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