Jan 07, 2011

Extra Taxes on Health Benefits for LGBT Employees--Where Do We Stand?

There are many hidden costs to being gay, and one of them is that employees who work for companies that offer domestic partner benefits must pay taxes on the value of those benefits unless the partner is considered a dependent (not a very common scenario). A married employee whose spouse is covered on the company insurance plan pays no tax on the value of the spouse's benefits. 

Recently, Internet behemoth Google,  Inc. began to reimburse its LGBT employees for the extra taxes, and a few other large companies followed suit. A New York Times blogger now provides a chart showing corporate progress on this issue, with a promise to update it periodically.