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Vacation pay and taxes

By Mike Miles on March 26, 2018 IRA, Tax

Q. When vacation pay is issued upon retirement can that be rolled over to an IRA account so you don’t pay taxes on it at that time?

A. You may not.

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Mike Miles

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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