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March 13, 2022
Question

I have a W2 from sick leave pay where would I put it? because it's not an employer And it keeps coming back San review.

  • March 13, 2022
  • 2 replies
  • 0 views
It keep saying review.

2 replies

March 13, 2022

Assuming it is a regular W2, there should be a Sender's ID number where the employer's ID number is found. I would report the income under wages, salaries, tips, etc. Line 10 on Form 1040 there is no other place to report it.  

March 13, 2022

Did you receive a second W-2 from an employer or an insurer reporting taxable short term disability?  Please clarify.

 

Taxable short term disability benefits will be reported on a W-2 and reported under Federal / Wages & Income / Your income / Job (W-2).

 

The W-2 may be issued by your employer or reported on a Form W-2 issued by the insurer, depending on the arrangement your employer has with the insurance company providing the benefits. 

 

Short term disability (STD) payments can take one of two forms. They can be a taxable wage replacement benefit, or a non-taxable insurance benefit.  Whether a STD benefit is taxable or not depends on who is paying the premium to the insurance company.

If your employer pays the premium for the disability insurance product, than any payment you receive is taxable to you as a taxable wage replacement payment. The insurance contract is considered to be a "wage replacement" and not a pure insurance payment.

If you, the employee, purchase the insurance product with after tax money, than the payment of the benefit is not taxable income to you. The payments you receive are not considered to be a wage replacement payment.

 

@dbeason227 

 

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