Is Third Party Sick Pay Taxable?


Third party sick pay (3PSP) is a disability insurance benefit that provides employees with partial or full wage benefit payments while on long-term medical leave.. A third party that makes payments of sick pay other than as an agent of the employer is liable for federal income tax withholding. The extent to which benefits are taxable is based on the portion of the premium that is paid by the employer.
Q&A Related to "Is Third Party Sick Pay Taxable?"
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