Virginia Society of CPA's offers help for married same-sex couples

Published: Jul. 16, 2013 at 2:40 AM EDT|Updated: Jul. 26, 2013 at 2:46 AM EDT
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RICHMOND, VA (WWBT) - The Supreme Court's decision to overturn the Defense of Marriage Act has many same-sex married couples asking questions. Now, the Virginia Society of CPA's is working to help couples get the federal financial benefits they are allowed.

Legally married gay couples now have access to federal benefits and can file joint tax returns. According to local accountants, just because you have access to it doesn't mean it's the best financial option.

Abby and Jesse Waller have been married for just over a year and a half. The Richmond couple married in DC after dating six years.

Both were elated the Supreme Court decision to overturn DOMA. But the Wallers are asking, what now?

The Virginia government does not recognize their marriage but the federal government now does.

According to the Virginia Society of CPA's, couples like Abby and Jesse can now apply for a federally-supported mortgage to buy a house together. One can claim the other as a dependent on her 401k and they can file a joint federal tax return.

Art Auerbach with the Virginia Society of CPA's, it could cost the couple more money to file a joint tax return. He urges same-sex married couples to get financial help because there are lots of calculations to do.

If you have questions about your financial health as a same-sex married couple, you can call the Virginia Society of CPA's at (804) 270-5344.

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