Indiana Law Enforcement Reward Deduction
Article ID: 33920

Question

Indiana Law Enforcement Reward Deduction

Answer

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: 468	Created on: Jun 15, 2013 Date updated: Sep 25, 2015
Posted in: STATES, Indiana

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