Thursday, August 4, 2011

Imputed income from domestic partnership health insurance?

I have imputed income on my pay stubs that amount to $5000/year. It is added on to my check so they can tax it then it is deducted back off. This $5000 is added into box 1 on my w-2. Why is it included here when I haven't actually received the money? Its kind of a bummer realizing my tax return could be $1000 more without this extra $5000 added on.
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healthquotes.awardspace.info - I switched to this health insurance from them, cause it gives much cheaper rates for m?.
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