Imputed income during chapter 13

[justbroke]

So long as it's not significant. By significant, most of us here just look at whether the income increased by more than 10%. So, for your Box 1 on the W-2, if that shows 10% more than the prior year, the Chapter 13 Trustee may be interested in reviewing your Schedule I/J to have it recalculated. I don't think your imputed income changed by over 10% just for the additional person on the insurance.

I have imputed income based on my benefits as well.

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[Dh2738]

Okay Thanks justbroke! I was concerned with it showing up as taxable income on my W-2 for next year if that would be an issue

[justbroke]

I don't think it will be an issue at all. Unless someone is looking closely, you don't even notice the imputed income for health insurance on a paystub. That amount would be so negligible, it wouldn't raise any eyebrows since it should be nowhere near the "hypothetical" 10% that we throw around. Even if it were more than 10% of your income and somehow the Trustee wondered, it's 100% paid. The only thing it is affecting are the taxes paid.

[Dh2738]

Hi, I’m 3 years into my bankruptcy and have added my domestic partner onto my insurance which is 100% covered by my company but wasn’t aware of the imputed income that it would show on W-2 in the future. Will this cause any problems? Does anyone have experience with imputed income?