The Treasury and IRS have determined same-sex married couples, regardless of where they live, are entitled to file joint tax returns.
The Supreme Court’s decision to strike down the Defense of Marriage Act means the IRS is about to be swamped with a lot of new and amended tax returns.
The Supreme Court struck down the Defense of Marriage Act, which will have important implications for same-sex couples.
Two same-sex marriage cases before the U.S. Supreme Court this week could determine the federal tax treatment of such couples.
Retirement planning is difficult for domestic partners, so a court decision challenging the Defense of Marriage Act could be good news.
Most people’s retirement planning doesn’t include sharing a home with their children, but in the last few years, faced with an economic downturn, the number of households where junior has commandeered the couch has increased dramatically.
According to an analysis of U.S. Census data by the Pew Trust, 21.6 percent of people ages 25 to 34 are living in multigenerational households. That’s up from 15.8 percent in 2000.
A follow-up survey of these boomerangers indicated that life on mom’s couch isn’t so bad. Some 78 percent say they are satisfied with their living arrangements, and 77 percent are optimistic about their future finances.