DOMA & Taxes
In their recent decision, the Supreme Court found that a portion of the Defense of Marriage Act (DOMA) violated the equal protection clause of the Fifth Amendment of the US Constitution as applied to same sex couples legally wedded under state law. The decision means that same-sex married couples will now enjoy many federal tax-related benefits, including income tax, estate & gift, tax-free fringe benefits, and more. Employers may need to prepare for major changes in the treatment of employees in same-sex marriages. […]