With less than two months to go until taxes are due, newly married gay and lesbian couples are finding out that this year’s returns will be even more time consuming and complicated than ever before. YNN’s John Wagner has more.
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WOODSTOCK, N.Y. — John Condelario and Guy Veronick married last November 6th on their 14th anniversary. And while New York became the 11th state to allow same-sex couples to file joint state taxes, the federal government does not recognize the unions.
“The couple must still file single with the federal government, but they must file either married filing joint or married filing separate with New York state,” said Jean Berasi, a master tax advisor at H&R Block.
“Does it mean more taxes or does it mean it’s going to cost more to do the taxes? This we don’t know,” said Condelario.
It certainly means more paperwork. It involves creating a mock joint federal return because a state return must reflect federal–numbers, tax credits, and deductions.
And depending on their federal tax bracket, it could mean sending a bigger check to Uncle Sam than a hetero-sexual couple would.
“Not something that they’re probably going to enjoy going through, at least certainly the first time, until they understand all the complexities if it,” said Berasi, who works at the Hopewell Junction branch for H&R Block.
“Knowing that we have the right to be married is powerful enough for me to pay a little bit more,” said Veronick. “I don’t think it’s fair. I think the federal government should recognize same-sex marriages for tax purposes.”
The state Health Department says that nearly 2,500 couples have married outside New York City since the state legalized marriage equality laws. And most will head to accountants to double check their not so equal stack of paperwork.
“It’ll cost us more I’m sure for the CPA to run the numbers twice,” said Condelario. “I’d rather go to a tax professional because I’d want to hear from them, they’re the people that know.”
The preparation costs vary by accountant. H&R Block does not charge additional fees for the mock joint federal forms.
John and Guy say growing up they never imagined this day would come. The marriage–and now the taxes that go along with it.
“We fought so hard to get the marriage approved and now it’s going to cost us to be married,” said Veronick.
“I see all LGBT people as the pioneers for all of this,” said Condelario. “You know its the first time, there’s a first time for everything and we got to learn.”