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Generally, if the employer paid the premiums for the insurance policy, the benefits are taxable to you. Please see these links:
https://www.irs.gov/publications/p15a/ar02.html (under 6. Sick Pay Reporting)
http://taxmap.ntis.gov/taxmap/pubs/p15a-005.htm
Generally, if the employer paid the premiums for the insurance policy, the benefits are taxable to you. Please see these links:
https://www.irs.gov/publications/p15a/ar02.html (under 6. Sick Pay Reporting)
http://taxmap.ntis.gov/taxmap/pubs/p15a-005.htm
How/where in the tax return do you record the medical expenses related to this type of a payout?
If you itemize, they are deductible on Schedule A as a medical expense.
You can deduct the portion of medical expenses that exceeds 7.5% of your adjusted gross income (AGI) for 2019.
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