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Get your taxes done using TurboTax
If this is the type of PWCA benefits you received, then this would be taxable as ordinary income and you would enter it by selecting"
- Federal
- Income
- Income from Form 1099-Misc under Other Common Income
- After you enter the 1099-Misc, select none of these apply
- on the next screen where it asks is the work like your main job, answer no
- Continue through and then when asked if it involved intent to earn money answer no
This is basically a way to pay you the excess fringe dollars without them being subjected to FICA taxes.
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‎February 21, 2024
5:59 AM