Is Sick Pay Taxable, And Where Is It Reported On Form W-2?
Whether obtained online or through the mail, the arrival of Form W-2 is usually eagerly anticipated by most employees. Although some of the entries on Form W-2 are self-evident, some entries may consist of only a number alongside a code. Employees who receive sick pay through their job during the year will likely have to decipher the entries on Form W-2 to determine whether the sick pay is taxable. Sick pay, also known as sick leave, is a short-term employee benefit intended to replace wages in the event of illness or injury.