VIRGINIA BEACH, VA -- (Marketwired) -- 08/30/13 -- Liberty Tax Service, a subsidiary of JTH Holding, Inc. (NASDAQ: TAX), will amend 2010 and 2011 federal tax returns for same-sex, married couples for free. The Internal Revenue Service and the U.S. Department of Treasury announced yesterday that they will treat same-sex couples, legally married in jurisdictions that recognize their marriages, as married for federal tax purposes. Effective September 16, the ruling stands even for those couples who do not reside in the jurisdiction where they were married.
Those in same-sex marriages could possibly benefit from amending their federal tax return for the past three years. Same-sex couples who were legally married in a prior tax year, regardless of where they were married, will qualify for federal amendments. Under the ruling, all federal tax provisions that pertain to marriage are affected, including a couple's filing status, employee benefits, claiming the earned income tax credit, certain deductions and the child tax credit. However, filing an amendment could cost a couple more, so visiting a Liberty Tax preparer is the best course of action.
"This ruling will change how many individuals file their federal tax return in the future. Liberty Tax is ready to assist these couples immediately with their federal tax return amendments and we're happy to do it for free," states Martha O'Gorman, Chief Marketing Officer at Liberty Tax Service.
To find a local Liberty Tax Service office, call 1-866-871-1040 or visit www.libertytax.com for more information.
About JTH Holding, Inc.
Founded in 1997 by CEO John T. Hewitt, JTH Holding, Inc. is the parent company of Liberty Tax Service. As the fastest-growing tax preparation franchise, Liberty Tax Service has prepared over 12 million individual income tax returns. Liberty Tax also offers an online tax service, eSmart Tax, which enables customers to do their own taxes wherever there's a computer. eSmart Tax is backed by the tax professionals at Liberty Tax and its nationwide network of over 30,000 tax preparers, ready to offer their assistance at any time. For a more in-depth look at Liberty Tax, visit www.libertytax.com.
Chief Marketing Officer
Liberty Tax Service
JTH Holding, Inc.
Director of Investor Relations
Liberty Tax Service
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