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Submitted By: Jean
Answered: September 16, 2016 1:19 pm
Answered: September 16, 2016 1:19 pm
Is my sick pay taxable?
Yes. Sick pay is treated as taxable compensation. It is reported to you on Form W-2.
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Tax Glossary
Kiddie tax
The tax on the investment income in excess of $1,700 (may change after 2007) of a child under age 18, based on the parents’ marginal tax rate and computed on Form 8615.
