Imputed Income


Imputed Income: What You Should Know About the October Monthly Payroll

Imputed income is the term that the Internal Revenue Service (IRS) applies to the value of a benefit or service that should be considered income for the purposes of calculating your federal taxes. Only a few benefits may count as imputed income. For SDUSD employees, this includes:

  • Basic Life Insurance in excess of $50,000. Eligible employees are automatically enrolled in basic life insurance coverage underwritten by The Hartford and provided at district expense. The death benefit is equal to annual salary x 1.
  • Supplemental life insurance.
  • Medical and dental insurance coverage for domestic partners.