Q. When I retire Dec. 29 and receive a check for my unused annual leave in 2013, will those funds be taxable in 2012 or 2013?
A. It will be taxable in the year it is received.
Q. When I retire Dec. 29 and receive a check for my unused annual leave in 2013, will those funds be taxable in 2012 or 2013?
A. It will be taxable in the year it is received.