Zane Benefits Publishes New Information on Same-Sex Marriage Federal Taxes

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Same-sex couples now considered married for federal tax purposes.

Today, Zane Benefits, the number one online small business health benefits solution, published new information on same-sex marriage federal taxes.

According to Zane Benefits’ website, on August 29, 2013 the U.S. Department of the Treasury and the IRS ruled that same-sex couples will be treated as “married” for all federal tax provisions where marriage is a factor. The only requirement is that they were married under jurisdictions that recognize same sex marriages.

These federal tax provisions include, but are not limited to:

Filing status
Claiming personal and dependency exemptions
Taking the standard deduction
Employee benefits
Contributing to an IRA
Claiming the earned income tax credit or child credit

This ruling applies for federal purposes, even if the couple is residing in a state where same-sex marriage is not recognized; as long as they were married in a state where same-sex marriage is recognized.

Individuals who have been married for one or more prior tax years that are still open under the statute of limitations (2010, 2011, and 2012) may, but are not required to, file refund claims to be treated as married couples for federal tax filing for those past years.

As a result of this ruling, an individual enrolled in an employer-sponsored HRA can now add their federally-recognized same-sex spouse (as defined above) as a dependent on their HRA plan, if their employer allows dependents to be covered by the HRA.

Click here to read the full article.

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About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit http://www.zanebenefits.com.

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Christina Merhar
Zane Benefits
800-391-9209 6725
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