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Indiana Law Enforcement Reward Deduction

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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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