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Is a government military pension taxable?

Yes, military pensions are considered taxable income in the United States. Just be sure what you are receiving is actually a pension payment and not a compensation payment, which is not taxable.


Is workers comp settlement taxable income in the state of California?

Workers comp payments (whether a settlement or not) are generally not taxable. However, if the payment causes your Social Security benefits to be reduced, the part of the benefit that reduces your SS payment will be treated as if it were an SS payment.


Why is a pre-tax payment on ins better?

Its cheaper...it educes income that would be taxable.


Will you get the refund even if you had no taxable income after all the tax credits?

Do you mean the stimulus payment? If so, then yes.


You are purchasing an annuity with all after tax dollars why is a portioin of your monthly payment taxable until you have withdrawn your investment?

A portion of your payment is taxable because there is an interest rate factor that is paid on the after tax portion resulting in taxable gain. Normally, interest paid to you would all be taxed first under the LIFO ruling (last in, first out) like in a C.D.. However, an immediate annuity allows you to spread that interest (gain) out over the period of the contract which usually benefits you in regards to income taxes. So, every payment has a "tax-free" portion and a "taxable"portion.


Is disability income treated as part of gross income?

Basically, to the degree that you paid for the premium of the policy, that income is not taxable. If it was all paid for by your employer, as virtually all public programs are, then the payment is taxable.


When Can you receive unemployment after fmla runs out?

Can you receive unemployment benefit after your fmla runs out


Do employers deduct occupational tax on living allowances?

In the US, in most situations, calling a payment for something - like for housing or food or a car, etc., does NOT change it from being work income and taxable. In fact, even if there is no payment but just the provision of the benefit, an apartment, car, etc., it is taxable at the value received.


Is fmla mandatory with an OJI?

I was injured on the job but did not miss work. Must I file for FMLA?


Creative ways to reduce taxable income on cash basis?

Delay receipt of cash. Expedite payment of cash expenses.


Does a permanent partial disability rating count as income?

It is possible that you could have some taxable income from a disability payment amount.


Why are teaspoon loans reported as taxable income?

A tsp loan is not taxable income unless: 1 you default on the loan, 2 you miss a payment, 3 you retire or leave the federal service before the balance is paid off. In any of the scenarios above it is only the unpaid balance that is taxable.