If you are part of a same-sex couple, April 15th can be a daunting date.
Tax matters that are simple for heterosexual couples can be quite complicated for gay and lesbian couples -- from filling out a federal tax return to determining whether a spouse's health insurance benefits are exempt from taxation.
Here are the basics of how various states and the federal government treat gay and lesbian couples for tax purposes. But remember, since so many variables can affect your tax liability -- what state you live in, how much money each spouse earns, how big your estate is likely to be upon death, to name just a few -- it's often wise to consult with a tax professional who is well-versed in tax considerations for same-sex couples in your particular state.
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