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Am I responsible for imputed income from a health insurance fringe benefit for a domestic partner?
I added my domestic partner to my companies health insurance plan. Since the federal government does not recognize domestic partnerships, I am being taxed on that health insurance contribution amount as imputed income. However since I am not the one actually receiving the benefit, can I write this amount off my taxes as long as she adds that imputed income to her taxes?
5 Answers
- Bostonian In MOLv 710 years agoFavorite Answer
By law it's taxable income to YOU. You cannot move it to her.
You can deduct any premiums for her health insurance that YOU paid if you can also claim your partner as a dependent. If her gross income is less than $3,700 for 2011, she lived in your home all year, you provided more than half of her support for the entire year, and your relationship does not violate state or local laws then you can claim her as a dependent under the Qualifying Relative rule. In that case you could claim the premiums that YOU paid as a medical deduction subject to the usual 7.5% AGI floor. Any of her premiums paid by your employer are income to you and cannot be deducted.
- BobbieLv 710 years ago
No of course NOT because the amounts are taxable income to you as a part of your taxable income for the tax year.
Hope that you find the above enclosed information useful. 10/25/2011
- Cathi KLv 710 years ago
No. This is added to your income. It cannot be moved to hers. It is your benefit plan. Are you a registered domestic partner?
- Calvin CLv 710 years ago
no it is your income and you are stuck with the taxes. If you itemize you can add to your medical expenses though since taxable benefit
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