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My husband received a AD&D payout from the policy he has through his work. It it taxable

 
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My husband received a AD&D payout from the policy he has through his work. It it taxable

Proceeds of an accident and health policy are not reportable as income so long as you did not deduct the premiums, and so long as this is not an employer provided fringe benefit.  If both you and your employer have paid the premiums for the plan, only the amount you receive for your disability that is due to your employer’s payments is reported as income.

Ask him to check with his employer.

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My husband received a AD&D payout from the policy he has through his work. It it taxable

Were the premiums paid on a pretax basis?

My husband received a AD&D payout from the policy he has through his work. It it taxable

Proceeds of an accident and health policy are not reportable as income so long as you did not deduct the premiums, and so long as this is not an employer provided fringe benefit.  If both you and your employer have paid the premiums for the plan, only the amount you receive for your disability that is due to your employer’s payments is reported as income.

Ask him to check with his employer.

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