Federal Tax

  • 1.  Paid Family Leave (PFL)

    Posted 03-04-2021 05:14 PM

    NYS made after-tax premiums paid for  PFL mandatory in 2018.  Today, I saw my first 1099-MISC where the client earned over $8,000 in "other income."

    Should the premiums paid for PFL be deducted against the "other income" as a basis recovery?

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    M Daniel Martin
    M. DANIEL MARTIN, CPA EA
    Babylon NY
    M Daniel
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