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2phloid
New Member

Is a golden parachute considered "earned income"?

 
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TomD8
Level 15

Is a golden parachute considered "earned income"?

Yes, since it is taxable employee pay, and is included in Box 1 of the employee's W-2.

https://www.irs.gov/pub/irs-utl/goldenparachuteatg.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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TomD8
Level 15

Is a golden parachute considered "earned income"?

Yes, since it is taxable employee pay, and is included in Box 1 of the employee's W-2.

https://www.irs.gov/pub/irs-utl/goldenparachuteatg.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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