Cynthiad66
Expert Alumni

After you file

This is not "Other Wage Income".  Your Backup Child or Senior/Elder care reimbursement is a taxable employee benefit paid to you in your paycheck(s).  Since you do not see the $6k listed on the W-2 as a separate item, for your clarification, it might be worth your while to contact your HR to determine how this amount was calculated and taken from.    See additional explanation of this fringe benefit below.

 

 What is Imputed Income? When an employee receives non-cash compensation that's considered taxable, the value of that benefit becomes imputed income for the employee. Unless specifically exempt, imputed income is added to the employee's gross (taxable) income.  Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. Basically, imputed income is the value of any benefits or services provided to an employee. Employers must add imputed income to an employee's gross wages to accurately withhold employment taxes.

 

Finally, Unless specifically exempt, imputed income is added to the employee's gross (taxable) income. It isn't included in the net pay because the employee has already received the benefit in some other form. But it is treated as income so employers need to include it in the employee's form W-2 for tax purposes

 

Based on the above definition of Imputed Income, it seems that this is a part of your W-2 wages already and therefore the reason the Third party did not issue you a Tax document.

 

When we refer to after tax, it is already included in your total compensation plan and reported on your W-2 by your employer.

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