legal

DOMA and the finances of same-sex couples

Editor's note: A key provision of DOMA was struck down June 26, 2013. In a 5-4 ruling, the Supreme Court said "DOMA is unconstitutional as a deprivation of the equal liberty of persons that is protected by the Fifth Amendment." As a result of this ruling, marriages between gay couples will now be recognized by the federal government. This will allow same-sex married couples access to joint federal benefits such as Social Security and Medicare, as well as the ability to file jointly on their federal taxes. However, for those states that do not recognize same-sex marriage, couples in those states will still need to file state taxes separately.

Path of DOMA infographic - Photo Credit(s) - ShutterstockDOMA and estate planningDOMA and insuranceDOMA and Social SecurityDOMA and taxesDOMA and real estateIntro to DOMA

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