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Indiana Law Enforcement Reward Deduction

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Question
Indiana Law Enforcement Reward Deduction

Answer

This deduction is expired and no longer available.

 

Generally, "rewards" are fully taxable. However, your deduction is the lesser of the amount received, or $1,000:

  • If you received a reward for providing information to a law enforcement official or agency;
  • If the information assisted in the arrest, indictment, or the filing of charges against a person; and
  • If you are not compensated for investigating crimes, the person convicted of the crime or the victim of the crime;

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Article Details
Views: 1500 Created on: Jun 15, 2013
Date updated: Dec 20, 2018
Posted in: States, Indiana

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