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It depends. If you get a tax document (W-2 [box 1] or 1099-R) for the payment, it's taxable.
The rule is if you paid the insurance premium, with after tax money, the disability benefit is tax free. If your
employer paid the premium (as in most cases) or you paid the premium with
pre-tax money, the benefit is taxable.
It depends. If you get a tax document (W-2 [box 1] or 1099-R) for the payment, it's taxable.
The rule is if you paid the insurance premium, with after tax money, the disability benefit is tax free. If your
employer paid the premium (as in most cases) or you paid the premium with
pre-tax money, the benefit is taxable.
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