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To: mandaladon
Is that $54,000 taxable?
44 posted on 04/02/2011 11:52:40 AM PDT by fish hawk (R. Emmett Tyrrell: Liberalism is dead. What we see now is "soft Nazis-ism".)
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To: fish hawk
Is that $54,000 taxable?

No, unless part of it is due to itemizing deductions and they recover some of those deductions (eg if they get a state refund and they had claimed state tax withholding as an itemized deduction.) Otherwise, the money is tax-free.

62 posted on 04/02/2011 12:57:10 PM PDT by notfornothing
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