Deloitte Announces Tax Equalization Benefits for Domestic Partners
Organization to cover taxes on healthcare benefits for registered domestic partners; reinforces commitment to inclusive culture
NEW YORK, June 1, 2012 — Effective June 3, Deloitte will adjust salaries to offset the imputed income charged to its professionals who cover same- and opposite-sex domestic partners on their medical and/or dental plans.
Deb DeHaas, chief inclusion officer, Deloitte LLP, states, “This decision is great news not just for our gay, lesbian, bisexual, transgender, and heterosexual professionals who cover their domestic partners, but for all of Deloitte. With a small but growing number of companies who offer this benefit, Deloitte is part of an elite group of progressive employers who are leading the way in creating a cultural change.”
Under IRS regulations, domestic partners do not qualify as tax dependents, so healthcare premium payments made by Deloitte on behalf of domestic partners are treated as taxable income. With this new domestic partner benefit, Deloitte will pay for the tax impact by grossing up salaries for the value of the premium provided to a domestic partner. As a result, there will be no impact to net pay.
“Our decision to provide this tax gross-up reinforces Deloitte’s long-standing commitment to an inclusive and equitable culture and further strengthens an environment where leaders thrive,” says Jennifer Steinmann, chief talent officer, Deloitte LLP.
Deloitte has been recognized by several organizations for being a great place to work and for promoting diversity and inclusion, receiving:
And recently, in an effort to remind young LGBT people that they are not alone and to help them see the goodness their futures will hold, a number of professionals from Deloitte and Deloitte Touche Tohmatsu Limited’s Canadian member firm shared their personal journeys in an emotional and uplifting video for the It Gets Better Project.
About Deloitte’s Talent Initiatives
As the nation’s largest professional services organization, our ability to attract, develop and deploy high-performing talent is critical to delivering superior performance and serving our clients with distinction. Our aim is to offer challenging work to our people, enhance their careers and fuel our business growth by fostering an environment where leaders thrive. This is a meaningful part of the Deloitte culture, and a value understood, shared, and recognized by our clients and our professionals.
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