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, (for example, domestic partners
and certain dependents to age 27) 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.
State of Wisconsin Group Health Insurance Program