Facebook To Reimburse Gay Staffers For Partner Benefit Tax Inequities
Facebook is joining the small but growing list of companies who are reimbursing their gay employees for the tax inequities incurred by carrying their partners on their insurance.
The new policies follow similar announcements by Barclays, and also this year, Google. A handful of other large organizations, including Cisco, Kimpton Hotels and the Gates Foundation also cover these costs. Under federal law, employer-provided health benefits for domestic partners are counted as taxable income, if the partner is not considered a dependent. The tax owed is based on the value of the partner’s coverage paid by the employer.Gay employees pay about $1100 more annually than heterosexual married employees who insure their spouses.