[ARCHIVED THREAD] - kicker check

Posted: 1/23/2008 5:03:43 PM EDT

Hey getting ready to start the taxes.
Does anyone know if the kicker check we got needs to be claimed as income to the Feds?
Thanks

Posted: 1/23/2008 5:21:17 PM EDT

[#1]

Yes it does. You should have had the form in the envelope with the check. My wife has ours somewhere.

BIGFOOT

Posted: 1/23/2008 5:23:05 PM EDT

[#2]

If you do the short form no.

ETA:The tax place that did mine said it did'nt need to be on there.

Posted: 1/23/2008 5:31:44 PM EDT

[#3]

Depends if you itemize your taxes or not.

If you got hit by phase-out of deductions on Schedule A, be aware that you can pro-rata calculate back so you don't overpay for the refunded taxes.

Posted: 1/23/2008 5:39:36 PM EDT

[#4]

Thanks for the info guys!

Posted: 1/23/2008 7:52:24 PM EDT

[#5]

Just like a refund you might have received from your Oregon state income taxes last April, the state reports your income on your social security number just like your employer does. So the Feds already know you got a kicker and the exact amount down to the penny.

Posted: 1/23/2008 7:53:46 PM EDT

[#6]

Quoted:
If you do the short form no.

ETA:The tax place that did mine said it did'nt need to be on there.

"The tax place" ? Sorry dude, it's income.

[ARCHIVED THREAD] - kicker check

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[ARCHIVED THREAD] - kicker check

[ARCHIVED THREAD] - kicker check