Taxable Wages
October 17th, 2008
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Question: Is lost wage benefit payment from an auto insurance taxable income?
Auto insurance settlements are not taxable, what about a lost wage benefit settlement? Would that be taxable?
Answer: Yes, the part of the payment that's for lost wages is taxable.
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Paying quarterly estimated taxes
If you must file estimated taxes throughout the year, your first voucher of 2010 is due Jan. 15.
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