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Retirement tax questions
@ALL136 wrote:
Are the disability retirement payments received prier to reaching the minimum retirement age still taxed as wages?
ALL
The original question you are following was about 401(k) distributions, they are never taxed as wages.
The IRS says "If you are retired on disability, benefits you receive under your employer's disability retirement plan are considered earned income until you reach minimum retirement age. However, payments you received from a disability insurance policy that you paid the premiums for are not earned income."
May 30, 2022
2:33 PM
762 Views