June 26, 2016

Consumer Reports quoted Partner Janis Cowhey in an article about how same-sex marriage has changed couples' finances.

Consumer Reports

By Tobie Stanger

Featured Janis Cowhey, Partner, Tax & Business

Consumer Reports quoted Partner Janis Cowhey in an article about how same-sex marriage has changed couples' finances. Modern Family & LGBT Services

Excerpt:

When the Supreme Court legalized same-sex marriage nationwide on June 26 of last year, many others also got access to financial benefits that only heterosexual married couples previously enjoyed. Likewise, their marriages have also led to new financial challenges in some cases, including being subject to what’s sometimes known as the “marriage penalty” tax.

Janis Cowhey, a partner and co-leader of the Modern Family & LGBT Services Practice Group at the Marcum Group, an accounting and advisory firm in New York City, says one newly married couple even contemplated divorce when they saw how much more tax they’d pay filing jointly. “They said, ‘We’ve been together 25 years, let’s just go back to the way we were,'” she recalls.

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Featured

Janis L. Cowhey

Janis L. Cowhey

Partner

  • Tax & Business
  • New York, NY