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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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Is income averaging still available?
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Where do I report income from my corporation on Form 1040?
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I paid a convenience fee when I charged my property taxes. Can I deduct this fee?
Can I use income averaging for a lump-sum payment from Social Security for disability covering four years?

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Tax Glossary

Patronage dividend

A taxable distribution made by a cooperative to its members or patrons.

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