Northwest Carpenters Health and Security Plan

Income Tax Withholding 

Time loss benefits are considered taxable income and must be reported to the Internal Revenue Service (IRS). In addition, Social Security (FICA) and Medicare tax is withheld from each check. These withholdings are also reported to the IRS. W-2 forms are mailed in January for any time loss benefits received in the previous calendar year.

Last Updated: 04/25/2023