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jecottrell
Returning Member

How do I annotate benefit W-2 income from short term disability insurance paid for solely by myself with post-tax income when entering the w-2?

I received STD payments for about 10 weeks from a policy I pay for. Isn't that income treated differently than if my employer were to pay for that policy? How do I ensure that TurboTax treats that W-2 appropriately?

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Accepted Solutions
AliciaP1
Expert Alumni

How do I annotate benefit W-2 income from short term disability insurance paid for solely by myself with post-tax income when entering the w-2?

Yes, if you pay for the policy yourself it is not taxable income to you.  If you share costs with your employer, the portion your employer paid is taxable to you.  If you received a W-2 for your earnings, then at least part of the payments is still taxable to you.

 

Please see Are Short-Term Disability Claim Payments Considered Earnings? for more information.

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1 Reply
AliciaP1
Expert Alumni

How do I annotate benefit W-2 income from short term disability insurance paid for solely by myself with post-tax income when entering the w-2?

Yes, if you pay for the policy yourself it is not taxable income to you.  If you share costs with your employer, the portion your employer paid is taxable to you.  If you received a W-2 for your earnings, then at least part of the payments is still taxable to you.

 

Please see Are Short-Term Disability Claim Payments Considered Earnings? for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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