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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
Assessment
The IRS action of fixing tax liability that sets in motion collection procedures, such as charging interest, imposing penalties, and, if necessary, seizing property.
