Text size Share Print

Submitted By: Jean
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.

Ask JK

Advanced

Is income averaging still available? 25k views
Where do I report income from my corporation on Form 1040? 12.6k views
I paid a convenience fee when I charged my property taxes. Can I deduct this fee? 7.7k views
I sold some municipal bonds at a loss. Can I deduct the loss? 7.3k views

advertisement

Featured Books

JK Lasser's New Rules for Estate, Retirement, and Tax Planning, 6th Edition

Stewart H. Welch, III, J. Winston Busby

$27.95

buy now

Learn more

View all books Next Book

Tax Glossary

Hobby loss

Hobby expenses are deductible only up to income from the activity; loss deductions are not allowed.

More terms Next Term