Facebook To Reimburse Gay Staffers For Partner Benefit Tax Inequities
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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.
Labels: domestic partners, Facebook, insurance, taxes