Legal Question in Tax Law in California
registered domestic partners tax on medical
I receved this and want to know if this truly is the IRS regulation.
Under current federal income tax laws, the value of providing benefits to a registered domestic partner and/or the children of the registered domestic partner (unless these individuals are also qualified as your dependents under the federal income tax laws) will be considered taxable income to you. This means that you will pay federal, state and local income taxes (if applicable), as well as other employment taxes on the value of these benefits. This income will be reported on your Form W-2. You are advised to consult with your tax advisor to determine the effect of electing coverage for a registered domestic partner and/or his/her children.
When you enroll your registered domestic partner in a medical or dental plan, the deduction that is taken from your paycheck each pay period will be split into a pre-tax amount and a post-tax amount. The portion of the insurance premium that Fiserv pays towards your registered domestic partner�s coverage will be subject to taxes. The tax withholding will be automatically calculated on your paycheck.
1 Answer from Attorneys
Re: registered domestic partners tax on medical
yes, these benefits are taxable.
see:
http://www.sfgov.org/site/sfhumanrights_page.asp?id=6286