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Should I report my USAA Senior Bonus Distribution as income? Helen ?

I received two of the above from my automobile association totaling $56.30 in the year 2017. Does that need to be reported as income?

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Should I report my USAA Senior Bonus Distribution as income? Helen ?

No, it is considered to be a return of premium (like a rebate), so it is not taxable and would not be included on your tax return.

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Should I report my USAA Senior Bonus Distribution as income? Helen ?

No, it is considered to be a return of premium (like a rebate), so it is not taxable and would not be included on your tax return.

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