Rebate or income

Forum|Forum|1 year ago
April 1, 2025
1 reply
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I purchase health insurance through a former employer. As an incentive to encourage preventive care if I have an annual physical, then they will send me a check for $500. Is this income or a rebate. They sent a letter stating it is a taxable incentive payment but did not process it as a payroll check since I do not work for them. No W-2 or any other tax form will be provided. If it is income, how do I report it? Thanks for any help.

Best answer by LindaS5247

You can report this $500, one-time payment under "Other Reportable Income" in TurboTax.

In TurboTax Desktop:

Go to the "Wages & Income" section of TurboTax
Select "I'll Choose What to Work On"
Scroll down to "Less Common Income"
Select "Start or Update" next to Miscellaneous Income"
Scroll down to "Other Reportable Income "
Select "Start or Update"
Next to "Other income not already reported on a Form W-2 or Form 1099", click on "Start" or "Update"
The next screen will ask, "Did you receive any other wages?" Select "Yes" and "Continue"
Select "Continue" on the next 3 screens
On the screen "Any Other Earned Income" Select "Yes" and "Continue"
Your next screen says "Enter Source of Other Earned Income" select "Other" and "Continue"
On the screen, "Any Other Earned Income" enter a description of your work and the amount ($500)
Select "Done"

In TurboTax Online:

Continue your return
In your left panel click on "Wages & Income"
Scroll down to "Less Common Income"
Click on the (down-facing) caret next to "Less Common Income"
Click on "Start" or "Revisit" next to "Miscellaneous Income, 1099-A, 1099-C
Next to "Other income not already reported on a Form W-2 or Form 1099", click on "Start" or "Revisit"
The next screen will ask, "Did you receive any other wages?" Select "Yes" and "Continue"
Select "Continue" on the next 3 screens
On the screen "Any Other Earned Income" Select "Yes" and "Continue"
Your next screen says "Enter Source of Other Earned Income" select "Other" and "Continue"
On the screen, "Any Other Earned Income" enter a description of your work and the amount ($500)
Select "Done"

Click here for "What's the difference between self-employment income and other income?"

LindaS5247Answer

You can report this $500, one-time payment under "Other Reportable Income" in TurboTax.

In TurboTax Desktop:

Go to the "Wages & Income" section of TurboTax
Select "I'll Choose What to Work On"
Scroll down to "Less Common Income"
Select "Start or Update" next to Miscellaneous Income"
Scroll down to "Other Reportable Income "
Select "Start or Update"
Next to "Other income not already reported on a Form W-2 or Form 1099", click on "Start" or "Update"
The next screen will ask, "Did you receive any other wages?" Select "Yes" and "Continue"
Select "Continue" on the next 3 screens
On the screen "Any Other Earned Income" Select "Yes" and "Continue"
Your next screen says "Enter Source of Other Earned Income" select "Other" and "Continue"
On the screen, "Any Other Earned Income" enter a description of your work and the amount ($500)
Select "Done"

In TurboTax Online:

Continue your return
In your left panel click on "Wages & Income"
Scroll down to "Less Common Income"
Click on the (down-facing) caret next to "Less Common Income"
Click on "Start" or "Revisit" next to "Miscellaneous Income, 1099-A, 1099-C
Next to "Other income not already reported on a Form W-2 or Form 1099", click on "Start" or "Revisit"
The next screen will ask, "Did you receive any other wages?" Select "Yes" and "Continue"
Select "Continue" on the next 3 screens
On the screen "Any Other Earned Income" Select "Yes" and "Continue"
Your next screen says "Enter Source of Other Earned Income" select "Other" and "Continue"
On the screen, "Any Other Earned Income" enter a description of your work and the amount ($500)
Select "Done"