June 26, 2015
Janis Cowhey, Co-Leader of the Modern Family & LGBT Services Group, Quoted in CNBC Article, "Same-Sex Marriage Ruling Levels Financial Playing Field."
By Ilana Polyak
The Supreme Court today delivered a historic victory for gay rights, ruling 5 to 4 that the Constitution requires that same-sex couples be allowed to marry no matter where they live and that states may no longer reserve the right only for heterosexual couples.
With that Supreme Court decision extending the right to marry to gay and lesbian couples in all 50 states, same-sex couples in 14 states where there were bans have many financial issues to consider.
"Married people who make a lot of money will pay more being married," said Janis Cowhey, a lawyer and tax expert with Marcum's modern family and LGBT services practice group. "But if you have one breadwinner and a stay-at-home spouse, you will probably less in taxes."