Tax Rules for Same-Sex Married Couples in California
The California Franchise Tax Board has issued income tax rules for same-sex spouses.
Same-sex marriage has been valid in the state of California since May and UCLA’s Williams Institute on Sexual Orientation Law and Public Policy projected in June 2008 that about half of California’s more than 100,000 same-sex couples will wed during the next three years and 68,000 out-of-state couples will travel to California to exchange vows.
Just like in other states that have legalized gay marriage, same sex spouses will face added tax complexity when filing. However, they may be able to save some money through the process. For more information, visit the Tax Foundation.
Thanks to TaxProf.
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