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Get your taxes done using TurboTax
The income that’s eligible for this exclusion won’t usually be included on a Form W-2, 1099-MISC, or 1099-NEC. If that’s the case for you, there’s no need to report the $600 (or less) on your personal income tax return.
If your eligible incentive amount is reported to you on a W-2 or 1099, you can follow the steps below to claim the exclusion in TurboTax. If there is no tax incentive pay on your W-2, you have nothing to deduct.
The income is reported on a 1099-MISC or 1099-NEC
The income is reported on a W-2
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February 21, 2022
11:27 AM