Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
laurieleemt
New Member

Do I claim income from Aflac that I got while out of work for surgery? If so, where does it go?

 
1 Best answer

Accepted Solutions
TomK
New Member

Do I claim income from Aflac that I got while out of work for surgery? If so, where does it go?

No, generally. The proceeds of an accident and health policy, like AFLAC 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.  

However, if you pay your premiums under a flexible benefits plan with pre-tax dollars, or if your employer pays part or all of your premiums, some of the benefits you receive may be taxable. 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. Therefore, you may receive a W-2 form from your employer that will include the taxable benefits amount you received.

View solution in original post

1 Reply
TomK
New Member

Do I claim income from Aflac that I got while out of work for surgery? If so, where does it go?

No, generally. The proceeds of an accident and health policy, like AFLAC 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.  

However, if you pay your premiums under a flexible benefits plan with pre-tax dollars, or if your employer pays part or all of your premiums, some of the benefits you receive may be taxable. 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. Therefore, you may receive a W-2 form from your employer that will include the taxable benefits amount you received.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v