Friday, February 5, 2016

Groundbreaking Tax Guide Launched to Help LGBTQ Taxpayers

The National LGBTQ Task Force has launched a groundbreaking income tax preparation guide for lesbian, gay, bisexual, transgender and queer (LGBTQ) people. The new taxpayer resource is intended to guide LGBTQ people with questions they might want to ask when sitting in front of their tax preparer or program. The first-of-its-kind guide translates complicated income tax form information in a way that is more understandable and accessible for LGBTQ people.

“LGBTQ people are disproportionally more likely to live at or below the poverty line—they are also often the most in need of income tax information and least able to access it. The straight forward information in this guide will empower LGBTQ people to get credits and deductions that lift millions of people out of poverty,” said Meghan Maury, Criminal and Economic Justice Director, National LGBTQ Task Force. “Most LGBTQ people don’t know that you can deduct out of pocket costs for transition-related care including surgery. Many of us also don’t know that you may be able to claim a large credit for adoption related expenses.”

The new publication is part of the organization’s “Queer Our Taxes” effort, a public education and advocacy campaign focused on securing economic justice for LGBTQ people.