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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.

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Tax Glossary

Investment in the contract

The total cost investment in an annuity. When annuity payments are made, the portion allocable to the cost investment is tax free.

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