@Opus 17 thanks for your quick responses.
1. interesting.. i see that the only diff between box 1 wages and box 16 Cal wages is the amount of the HSA . I guess that means california doesnt recognize that 'off the top' deduction since it is added back in
2. DP benefits. in our case its not a same sex DP (not that theres anything wrong with that ( sienfeld reference anyone? 🙂 but I see your point, marriage is an option if you dont want to be penalized for this imputed income.
just to be clear... on her W2 under the YTD deductions.. i see $14500 for reportable heathcare coverage. I believe those are her paycheck deduction which I think are post tax. I then see $7000 as imputed income, which is confusing because it looks like about 50% of the first amount.... BUT... I think you are saying that the $7000 is what the EMPLOYER paid for MY share of the coverage... is that right?
5. when you say max taxable income for an adult dependant cant be more than $4200 , you mean any taxable income... not just earned income... is that right? if so , i clearly dont qualify
W2 reconcile
its very hard to pin point how that box 1 ,3,5 income is calculated. when i add up all the YTD earnings (which includes a bunch of stuff including the imputed income of $7k).... the total is higher than the box 1 amount by the sum of the 401k contributions PLUS the imputed income.... so it appears (unless im missing another 7k amount for something else) that she is not going to pay tax on the imputed amt ?
Thanks!
