Thank you for contacting Turbo Tax. No, you are not paying tax twice on the same funds. An imputed income benefit is the value of the non-monetary compensation given to an employee by an employer in the form of a benefit. The payroll deduction is the amount that you contributed for health insurance.
Health Insurance Cost $300
Employer paid $200 (Imputed Income included on W-2)
Employee paid $100 (Paid with after tax funds and deducted from pay)
The good news is under the
United States Supreme Court decision in United States v. Windsor,
570 U.S. ___, 133 S.Ct. 2675 (2013), you may be able to
make claims for refund or adjustments (referred to in this notice as
corrections) of overpayments of Federal Insurance Contributions Act (FICA)
taxes and Federal income tax withholding (employment taxes) with respect to
certain benefits provided to same-sex spouses and remuneration paid to same-sex
spouses.
If you have any other questions or need clarification, please add to
this post!
