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Get your taxes done using TurboTax
Thank you so much, @DawnC !
That makes sense--it's disability insurance!
"I would report taxable income of only the portion of the payments covered by your employer."
Example:
$100 premiums paid
- $73 paid by employee with post-tax $$ (did not reduce taxable wages)
- $27 paid by employer (27%)
$1,000 medical leave received
- 27% = $270
Report the $270.
The remainder of the $1000 income is not reported and not taxable.
Thank you SO MUCH for your patience and assistance with this!
‎April 14, 2023
8:23 PM