What are the Domestic Partner Tax Laws?
There has been a lot of argument in contemporary society about equalizing tax laws for domestic partners. No matter what your state's current laws are, you can benefit from learning about tax tips for domestic partners. You will want to check your tax law, as it often varies by state. For examp le, California allows domestic partners to register, and registered domestic partners are eligible for the same tax benefits as their married counterparts. To register as a domestic partnership, either both members of the couple must be of the same sex, or one or both individuals must be over the age of 62. Additionally, according to the Franchise Tax Board Publication 737, the following criteria must be met:
- The partners share a home
- No other marriage or partnership exists
- There is no blood relationship
- Both individuals are at least 18 years old
- Both individuals gave legal consent to the partnership
Other states allowing for the recognition of domestic partnerships include: Oregon, Maine, Colorado, Maryland, District of Columbia, Nevada, Washington, Wisconsin, Massachusetts, Iowa, Connecticut, Vermont, and New Hampshire.
The most important of the tax tips for domestic partners and the completion of filing their taxes is to know your tax laws. While you cannot file joint federal tax returns, you may be able to file jointly at the state level. This allows you to take the same state tax advantages as you would if you were filing taxes as a married couple. If you have a state that recognizes domestic partnerships - register! That way you can take advantage of any of the advantages you will get in your state.
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