How much is the federal income tax for domestic partner's medical benefit?

Is there any extra income tax for someone with a domestic partner than just one single person? If so, what's the percentage and how is it calculated?

Anonymous2008-05-03T10:58:55Z

Favorite Answer

The extra tax is your marginal tax bracket.

Let's say you had taxable income at $30K. The extra insurance value is $5000. For a single person, some would be at 15%, the rest at 25% because of the tax tables. (It's like getting a bonus at the end of the year.)

00

Related Questions

Domestic partner med benefits tax deductible?Am I responsible for imputed income from a health insurance fringe benefit for a domestic partner?What are you thoughts about Same-Gender Couples lack of access to 1049 Federal rights and responsibilities?I have been married since 6/10/07 but I just noticed today that they are still factoring Domestic partner...?Which rights & responsibilities of marriage does the straight majority want to deny same-gender couples?

Trending Questions

Is rent a legitimate business expense for a Doordash driver who works for 50 to 80 hours per week?12 answersHow long does it take to get a federal tax refund? ?4 answersWhere is My Federal Tax Refund?5 answersIs it legal to not claim Retirement Savings Contributions Credit (Savers Credit)?5 answersTax stimulus ?4 answers