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Submitted By: Mary
Answered: May 13, 2014 8:30 am
Answered: May 13, 2014 8:30 am
I received payments from my state as a personal support worker for my child who has cerebral palsy. It was reported on a W-2 form. Am I taxable on this?
The payments are taxable wages to you; effectively, you are an employee of your state.
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Tax Glossary
Holding period
The length of time that an asset is owned and that generally determines long- or short-term capital gain treatment.
