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Where do you file short term disability on your tax form !

 
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JamesG1
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Where do you file short term disability on your tax form !

Taxable short term disability benefits will be reported on a W-2.

 

The W-2 may be issued by your employer or reported on a Form W-2 issued by the insurer, depending on the arrangement your employer has with the insurance company providing the benefits. 

 

Short term disability (STD) payments can take one of two forms. They can be a taxable wage replacement benefit, or a non-taxable insurance benefit.  Whether a STD benefit is taxable or not depends on who is paying the premium to the insurance company.

 

If your employer pays the premium for the disability insurance product, than any payment you receive is taxable to you as a taxable wage replacement payment. The insurance contract is considered to be a "wage replacement" and not a pure insurance payment.

 

If you, the employee, purchase the insurance product with after tax money, than the payment of the benefit is not taxable income to you. The payments you receive are not considered to be a wage replacement payment.

 

In TurboTax Online, report the short term disabiity benefits W-2 at Federal and Wages & Income down the left side of the screen.  Click Edit / Add to the right of Job (W-2).

 

See also this TurboTax Help.

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JamesG1
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Where do you file short term disability on your tax form !

Taxable short term disability benefits will be reported on a W-2.

 

The W-2 may be issued by your employer or reported on a Form W-2 issued by the insurer, depending on the arrangement your employer has with the insurance company providing the benefits. 

 

Short term disability (STD) payments can take one of two forms. They can be a taxable wage replacement benefit, or a non-taxable insurance benefit.  Whether a STD benefit is taxable or not depends on who is paying the premium to the insurance company.

 

If your employer pays the premium for the disability insurance product, than any payment you receive is taxable to you as a taxable wage replacement payment. The insurance contract is considered to be a "wage replacement" and not a pure insurance payment.

 

If you, the employee, purchase the insurance product with after tax money, than the payment of the benefit is not taxable income to you. The payments you receive are not considered to be a wage replacement payment.

 

In TurboTax Online, report the short term disabiity benefits W-2 at Federal and Wages & Income down the left side of the screen.  Click Edit / Add to the right of Job (W-2).

 

See also this TurboTax Help.

**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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