W2 for long term disability funds- NO Box J

MY W2 for my long term disability, thru third party, reflects income in Box 1, No J Code, Box 13 is checked third party sick pay. SO after reading all posts I have to report this as income Correct ?

2nd question is they only reflect 100.00 in Box 2 federal taxes. this is on 7,600 of income.

shouldn't it reflect more taxes taken out ?

posted

Yes, If Box 12 does not indicate a "J", the W-2 income is taxable. If you personally had paid all of the premiums for the insurance it would not have been taxable.

$100 may or may not be enough to cover the taxes on $7,600. If you had no other income, you would not have had a tax. If you had substantially more income, you may owe additional tax.

If you are still on disability, I suggest you contact the provider and increase the withholding.

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