11 things you and your clients will want to start thinking about for next tax season by accountingtoday.com
Day #7 Supreme Court Ruling on Same-Sex Marriage
All states must now recognize all married couples in the same way for state income tax purposes, regardless of gender. This will impact the ability to file join income tax returns, the ability to transfer property to each other tax-free, the ability to leave an estate to the spouse without gift tax implications, and spousal treatment of inherited IRAs.
The Pathways Team