Tax Breaks and Benefits for the LGBTQ Community - Queer Money Ep. 112

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/ ‎

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