Longevity taxable?

yakley · September 2003

Are longevity checks taxable?

Tks

Pork · September 2003

YAKLEY: Is longivity Taxable? depends where or not the "longivity" tag represents income or title. If longivity represents income in the form of cash payed for work done, it is taxable. If longivity does not represent cash, then, it would not be considered as taxable, because it alone does not represent a cash amount!
PORK

yakley · September 2003

Tks. It is recognition of years of service.
$500 for 20 yrs, $750 - 25 and $1,000 for 30 and 35.

Hunter1 · September 2003

Not only is it taxable, but if it's predictable, it probably has to be figured into the 'regular rate' for overtime calculation purposes.

Longevity taxable?

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