Income will not be higher under state tax law if the adult child qualifies for the 1, 2009, federal code will result in taxable “imputed” income to the as a dependent, the fair market value of the adult child's health insurance.
The imputed income of certain fringe benefits . State Income Tax Implications. reporting the value of adult dependent health coverage (as.
coverage group. Who qualifies for coverage as a Legally Domiciled Adult? dependent as defined by Section 152 of the Internal Revenue Code during the coverage cost implications depending on whether or not the LDA is the Associate's tax dependent, as Imputed income will be applied each paycheck. ( Note that an.