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That’s because the federal government doesn’t recognize domestic partnerships. The benefits become imputed income, which is the cash value of benefits given to an employee. And that increases ...
Some public- and private-sector U.S. employers provide health insurance or other spousal benefits to same-sex partners of employees, although the employee receiving benefits for his or her partner may have to pay income tax on the value of the benefit. Partner benefits are more common among large employers, colleges and universities than at ...
While there are certain exceptions, generally under the Internal Revenue Code Section 152, the imputed value of the benefit will be considered taxable income. The proposed Tax Equity for Domestic Partner and Health Plan Beneficiaries Act would remove the disparity in tax treatment between such partners and married people, who are not taxed on ...
Tax Equity for Domestic Partner and Health Plan Beneficiaries Act S. 1556: June 6, 2007 Sen. Gordon H. Smith (R-OR) 25 Died in the Senate Committee on Finance: H.R. 1820: March 29, 2007 Rep. Jim McDermott (D-WA) 119 Died in the House Committee on Ways and Means: 109th Congress: Domestic Partner Health Benefits Equity Act S. 1360: June 30, 2005
For example, a higher-earning individual in a domestic partnership would have to pay higher premiums than their partner, which in a marriage might be easier to avoid if the couple’s combined ...
Imputed income is the accession to wealth that can be attributed, or imputed, to a person when they avoid paying for services by providing the services to themselves, or when the person avoids paying rent for durable goods by owning the durable goods, as in the case of imputed rent.
As a result, your spouse’s benefit would be $1,500 total, which comprises the $1,200 SSDI plus the $300 difference between their disability and spousal benefits.
It updated the domestic partnership law in several areas: taxes, health insurance benefits and entitlements, taking a domestic partner's surname, and clarifying other states' uses of the terms "domestic partnership" and "civil union" so that Oregon could recognize these as "domestic partnerships". [8]
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