Teabagging Causes Dain Bramage

Happy

Tax Day

One out of more than 1000 benefits gay couples can't have, even in states that allow marriage equality: Filing Joint Tax Returns

Legally married Americans have a choice whether to file jointly or separately. Gay couples in America do not have that choice.

Here are just a few benefits gay couples lose by not having their relationships recognized as marriages:

The main advantages to filing a joint return are:

• The total tax liability of you and your spouse will usually be lower if you file jointly than if you file separately
• Less cost and time to complete one joint return
• Largest standard deduction, which is a dollar amount that reduces the amount of income subject to tax if you are not claiming itemized deductions
• A married person who files a joint return is allowed to contribute to an Individual Retirement Account (IRA) even if that person does not work
• Certain credits and adjustments, such as the child and dependent care credit, adoption expense credit, Hope and Lifetime Learning credit and deduction for qualified educational loan interest, are generally not available if you are married but choose to file separate returns (married filing separately status), but they are available if you file a joint return with your spouse.

The main disadvantages to filing a joint return are:

• Signing a joint return obligates you to accept full responsibility for the information contained in your tax return as well as for any errors and omissions, so that means you may be held individually responsible for the taxes, penalties and interest that result from your joint tax return
• Your refund could be withheld by the IRS to pay your spouse's financial obligations, such as unpaid child support or student loan default
• You are less likely to be able to deduct unreimbursed medical expenses, for example, the expenses not covered by your insurance plan
• You are less likely to be able to deduct your miscellaneous itemized deductions.

The prudent choice whether to file separately or jointly>>>just another one of those "special rights" the homosexual agenda is trying to get.

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