When I file my taxes - I know to enter the information for the W2 but what would the New York State Disability fall under on the IRS form? And is FICA - social security withholdings?
2007-01-14 05:46:01 · 5 answers · asked by Snowwhite 3 in Business & Finance ➔ Taxes ➔ United States
I know one "must" file the income from New York State Disability as you are paying taxes on it, but my question is if this is included with the W2 as the disability was paid through my employer or under third party sick pay?
2007-01-14 05:53:48 · update #1
disability pay ,or workman's compensation ,as it is also called,when payed by comp,is not subject to state or federal tax because it is payoff to an insurance policy.disability pay is the same ,only with a private insurer,also is exempt to state ,federal &local taxes. it is unemployment compensation that is taxed as income.
2007-01-14 05:53:35 · answer #1 · answered by Denis C O 2 · 1⤊ 1⤋
Enter it on the wages line. And yes, FICA is for social security. Disability payments before normal retirement age are treated as earned income.
State disability income is NOT the same as workman's comp, as another responder said. Workman's comp is for on-the-job injuries. Not all states have a state disability plan.
2007-01-14 06:23:07 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
I don't think disability is taxable to IRS, call IRS 800 829-1040 and/or go to irs.gov. Yes FICA is SOC SEC.
2007-01-14 16:55:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
FICA is socila security. Dissability pay is usually exempt from federal tax.
2007-01-14 05:51:20 · answer #4 · answered by fangtaiyang 7 · 1⤊ 1⤋
Yes they have to withold FICA
2007-01-14 05:49:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋