turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

glehrer
New Member

I recieved income from private disablility policy. Is this income taxable?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I recieved income from private disablility policy. Is this income taxable?

If you paid the disability insurance premiums with after tax funds, the disability income is not taxable.

Disability income is considered taxable income if the premiums for the disability insurance were paid by your employer, or if you paid for the premiums with pre-tax dollars on your paycheck (If you are not sure, check with your HR department

If you and your employer jointly paid the premiums, only the disability amount covered by your employer's payments are taxable.

See Is disability income taxable?

https://ttlc.intuit.com/questions/1901145-is-disability-income-taxable

View solution in original post

1 Reply

I recieved income from private disablility policy. Is this income taxable?

If you paid the disability insurance premiums with after tax funds, the disability income is not taxable.

Disability income is considered taxable income if the premiums for the disability insurance were paid by your employer, or if you paid for the premiums with pre-tax dollars on your paycheck (If you are not sure, check with your HR department

If you and your employer jointly paid the premiums, only the disability amount covered by your employer's payments are taxable.

See Is disability income taxable?

https://ttlc.intuit.com/questions/1901145-is-disability-income-taxable

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies