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DOMA Struck Down: What Does This Mean for Your Taxes?

On Wednesday the Supreme Court overturned the Defense of Marriage Act (DOMA).  Same-sex couples who are legally married will now be recognized by the federal government, meaning it will be easier to file their taxes among many other things.

What Does That Mean for My Taxes?

The ruling will potentially save you time and money when it comes time to filing your taxes and could mean a reduction in your tax liability.

The IRS is expected to issue details and additional guidance on the ruling soon.  Check back to get the latest news regarding updates to the tax law.

And, as with any changes to the tax law, TurboTax will be updated to comply with any tax implications of the recent ruling.

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