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April 7, 2014

Audit Proofing Your Tax Returns

Same-Sex Spouses Can Amend Past Tax Returns for a Bigger Refund: This year, married same-sex couples can file their taxes jointly, possibly saving money.
What you may not realize is that you can also amend your taxes from past years—and TurboTax has a calculator that tells you how much you'll get back. Last year, the Supreme Court ordered that the federal government must recognize same-sex marriages. Not only can you file your taxes jointly as a couple, but you can optionally re-file past tax returns from when you were married (but weren't recognized as such by the federal government).

Posted by gerardvanderleun at April 7, 2014 8:03 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Turbo Tax proficiency automatically disqualifies you for the job of Treasury Secretary, though.

Posted by: Fausta at April 8, 2014 7:07 AM

Turbo Tax proficiency automatically disqualifies you for the job of Treasury Secretary, though.

Posted by: Fausta at April 8, 2014 7:10 AM

That's what it's been about all along. $$; Federal $$. Button your wallet pocket fellow taxpayers. Looks like a long, rough ride.

Posted by: BillH at April 8, 2014 7:25 AM

Filing jointly will cost more than filing single far the vast majority of gayz, so this is not a "benefit". Filing jointly helps only if:

- One person doesn't work (ya know, staying home with the kids), which isn't going to happen with 99% of the gayz. So this helps the fraction of the fraction of the fraction of lesbians who impregnate themselves (thankfully few states allow adoption by gayz)

- One person makes massively more than the other (again, the tax code was written assuming a wife has a part-time work or works as a checker while her husband works as an executive or something).

- For those who do well (and gayz statistically make more than straights) both the federal and state tax brackets (especially blue states) make the marriage penalty far, far worse for well-off wage earners. For example, in both the federal and California tax brackets the top tax rate hits at $200K for singles and *$250K* for couples. So two single people could make $200K each, or $400K in California before the top bracket kicks, instead of $250 for couples (and "married, filing separately" does NOT save you from this tax rate. It hits if you are legally married). We are talking tens of thousands of dollars in additional taxes for "married" high-wage earners (or just upper-middle management at most tech companies in California - plus all those stock options).

The gayz are going to find out that marriage is not such a great deal.

Posted by: Director Mitch at April 8, 2014 7:55 AM

Audit proof is the subject here----

Posted by: Terry at April 8, 2014 8:17 AM

Sure is a lot of consideration for a protected species. I imagine White folks need not apply.

All of them other-gendered people need a punch in the face.

If the right one don't getcha then the left one will.

Posted by: chasmatic at April 8, 2014 8:49 AM