UAW strike: Is strike pay taxable? Will you be in a higher bracket?

  • by:
  • Source: CBS News
  • 10/27/2023

(CBS DETROIT) - As the United Auto Workers strike continues, we are just months away from the tax season. 

With workers receiving strike pay, is it taxable income? Who foots the bill?

For six weeks, thousands have been on the picket line as negotiations continue. As the strike reaches new levels, it'll impact workers 2023 tax year.

"Unlike regular wages where your employers withhold federal income taxes and pay it directly to the federal government … the UAW does not," said Hillel Nadler, a law professor at Wayne State University.

1 U.S.A dollar banknotes by Alexander Grey is licensed under Unsplash unsplash.com

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