Do I have to pay tax on my railroad sick pay?
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| If you receive sick pay under the Railroad Unemployment Insurance Act, these payments
are taxable and you must include them in taxable income on your tax return. However, you do not have to include
railroad sick pay in income on your tax return to the extent it is for an on-the-job injury. |
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| Related tax
information about sick pay |
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Are sick pay or long term disability payments
taxable?
Income Related Questions and Answers |
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IRS publications about sick pay:
For further tax information about sick pay see
IRS Publication 17,
Your Federal Income Tax. |
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Ask Julian Block your IRS and tax questions! |
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If you can't find the answer to your IRS or tax question in our
web you can call former IRS Special Agent and one of the country's foremost tax attorneys, nationally syndicated columnist ("The Tax
Adviser") Julian Block. Julian is also the tax Editor of Mutual Funds Magazine, America's premier investment magazine. To
call Julian for a tax consultation click
here. |
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