Are sickness benefits paid by the RRB subject to federal income tax?
Sickness benefits paid by the RRB, except for sickness benefits paid for on-the-job injuries, are subject to Federal income tax under the same limitations and conditions that apply to the taxation of sick pay received by workers in other industries. Each January the RRB sends Form W-2 to affected beneficiaries. This form shows the amount of sickness benefits that each beneficiary should include in his or her taxable income.
Related Questions
- Are railroad retirement and railroad unemployment and sickness benefits paid by the Board subject to State income taxes?
- Are railroad retirement and railroad unemployment and sickness benefits paid by the RRB subject to State income taxes?
- Does the RRB withhold Federal income tax from unemployment and sickness benefits?
