Legal Question in Tax Law in California
I received $9,419.45 in 2009 for LC 4850 benefits. This amount is not showm on my w-2 but included in my wages. How (where) do i report 4850 income on my taxes to receive this income tax free? I believe I have already paid taxes on this amount.
Asked on 4/14/10, 9:26 am
1 Answer from Attorneys
Ken Koenen, LLM
Law Office of Ken Koenen
These benefits are taxable. If you paid taxes on these funds, it would be reflected on the disbursements that you received and included in the withholding amount on the W-2
Answered on 4/19/10, 4:28 pm