calculators
Member Education
forms and publications
news
about etf
frequently asked questions
contact etf
site map
related links
home
top of page
home
members retirees employers governing boards careers at etf
 
Members

Imputed Income Tables-Fair Market Value
for Non-Tax Dependents

The Fair Market Value (FMV) of insurance coverage provided for an individual who does not qualify as a dependent under Internal Revenue Code (IRC) Section 152, or whose health insurance premiums are not otherwise exempt from inclusion in the employee’s taxable income  (for example, a domestic partner) is taxable for employees. Therefore, the FMV of the health insurance benefit must be added to an employee’s earnings as imputed income.

The monthly imputed income amounts vary by health plan and are provided for either one non-tax dependent, or two or more non-tax dependents. These dollar amounts will be adjusted annually.

Employees who are unsure if a person can be claimed as a dependent should consult IRS Publication 501 or a tax advisor.

With respect to Wisconsin state taxes, ETF has information that the State has adopted the same tax treatment as the IRS. For more information, see: https://www.revenue.wi.gov/taxpro/news/2011/111107.html .

2017

State of Wisconsin Group Health Insurance Program


 

2016

State of Wisconsin Group Health Insurance Program


2015

State of Wisconsin Group Health Insurance Program


2014

State of Wisconsin Group Health Insurance Program



 

supporting excellence in Wisconsin public service