Proposed legislation from Sen. Elizabeth Warren (D-Mass.) would allow same-sex married couples to file amended tax returns to get refunds they should have received. What you should know.
to file as married from 2013 onward, and said they could amend tax returns to get credits and refunds they could have otherwise received.
Under current law, you can file an amended return for up to three years from when you originally filed. You also have up to three years from when you filed to claim a refund owed., would permit these couples to file amended federal returns and claim refunds owed for all the years they were legally married."The federal government forced legally married same-sex couples in Massachusetts to file as individuals and pay more in taxes for almost a decade," Warren said in a statement.
Married couples have access to higher standard deductions: $24,400 for joint filers in 2019, compared to $12,200 for singles.Penalty or bonusWhether it makes sense for a couple to file an amended return depends on whether they're subject to a marriage penalty or a bonus.Two spouses with similar incomes who marry could wind up with more of their taxable income in a higher tax bracket. The effect is magnified if both spouses are high earners.
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