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Is there a tax deduction for the cost of your domestic partner's health premiums?
Wiki User
∙ 11y ago
No. In fact, your employer is likely to report this cost as "imputed income" which means you will have to pay tax on this amount. No tax is owed if your domestic partner is also you dependent for purposes of federal income tax.
Wiki User
∙ 11y ago
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What are the tests applied to the deduction of health insurance premiums from your taxes?
A percentage of your health insurance premiums may be used as a credit if that meet the percentage of your gross income as spelled out in the tax code. All very complicated.
Can health premiums in paychecks be deducted on federal income taxes?
Generally, health premiums are deducted before-tax. This means that when you get your W-2 at the end of the year, the amount taken out for health premiums will already be deducted from the total wages shown in Box 1. You put the total wages down on your tax return. This means that the health premiums are automatically deducted from your taxable wages with no special action required on your part. You cannot claim a second deduction since the premiums have already been deducted from the amount of your taxable wages shown in Box 1 of Form W-2. If you participate in some sort of health plan where deductions are made after-tax, that is the premiums have not already been deducted from the total shown in Box 1 of your W-2, then in that case you can claim a deduction of part of your health care deduction on Schedule A.
What is the federal government stand on domestic partnership having to do with federal taxes when partners file separately but one person is covered by the others health insurance?
An employee must pay federal tax on the cost of the premiums for insurance provided by the employer for the employee's domestic partner.
If a health insurance plan covers domestic partners does a employer that carries that insurance have the right to deny coverage?
A health insurance plan is designed based on what the employer wants. So if a plan says that domestic partners are covered then the employer group is the one that put that wording in the policy. So if an employer wont cover a domestic partner then domestic partners aren't covered company wide.
Can health insurance premiums be deducted from your health savings account?
The premiums you pay for your health insurance are qulified medical expenses. Source: IRS.Gov
When was King's Health Partners created?
King's Health Partners was created in 2009.
When was Continuum Health Partners created?
Continuum Health Partners was created in 1997.
Will New Yorkers with domestic partner health insurance have to marry their partners to keep their benefits?
Probably not. New York City, for example, still maintains its domestic partnership registry. Most large employers have not eliminated their domestic partner benefits and insurance companies continue to sell domestic partner coverage.
Can you write off health insurance premiums on your taxes?
No
Does Target Corportation offer health benefits for employees' domestic partners?
Yes, they do give their employees domestic partner benefits, according to the Human Rights Campaign Foundation's Corporate Equality Index 2013, which gave Target a 100% rating.
Health Savings Account (HSA) vs. Traditional Health Plan?
Health Savings Account (HSA) vs. Traditional Health Plan This tool is designed to help you compare a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) to a traditional health plan. By using an HDHP/HSA solution, you can often realize significant savings on your insurance premiums and receive a deduction on your income taxes. Use this calculator to determine the possible savings.
Can employers offer health coverage for same-sex couples and not for 'significant others'?
Yes, an employer can offer coverage to same-sex domestic partners and/or deny coverage for opposite sex domestic partners. You should ask your HR/Benefits representative for a copy of your plans eligibility rules, which will show who you may enroll and more importantly, when you can enroll them.
