Gay taxes don't have to be difficult If you are a same-sex married spouse, the IRS may owe you money! A recent Credit Karma LGBTQ tax study found that 35% of same-sex married couples are unsure about their filing status. If you are among the 35% and you filed as single, head of household or married filing separately, you may not have received all the tax breaks and benefits you deserve. But the good news is, can file and amended return and get that cash back! Christina Taylor is the Senior Manager of Tax Operations for Credit Karma, the online platform working to make financial growth possible for everyone. Credit Karma is on a mission to give its 75M members free access to the tools, education and opportunities necessary for making real, meaningful progress in their financial lives. Christina joins us to share the findings of the Credit Karma LGBTQ tax study. She explains why tax law is so confusing for same-sex married couples and walks us through the five potential filing statuses. Christina discusses her top takeaways from the study, offering insight around filing jointly, claiming the adoption tax credit, and filing for a medical deduction. Listen in for Christina’s advice on filing an amended return and learn how Credit Karma can help you receive all of the tax breaks and benefits available to you! Get show notes here: https://debtfreeguys.com/gay-taxes/
Mentioned in this episode:
Optimize August Ad 2
With political uncertainty growing in the U.S., now is the time to build your Plan B.
The Optimize Portugal Golden Visa Fund may let you invest existing IRA assets while pursuing Portuguese residency for you and your family.
Don’t wait until you need an escape plan to create one. Click below to learn more and request information.
Get Your Portugal Golden Visa Here!
It's time to create your retirement abroad plan
What if your retirement plan included a backup plan outside the United States?
The Optimize Portugal Golden Visa Fund may give you the opportunity to invest existing IRA assets while also pursuing residency in Portugal for you and your family.
That could mean greater flexibility, access to living and potentially working in Portugal, and a pathway to spending more time throughout Europe.
Your retirement savings may be able to do more than fund your future. They could help expand where that future happens.
Click the link below to learn how the fund works and request additional information.
Get Your Portugal Golden Visa Here!
