2007-01-21 03:03:32 · 6 answers · asked by Mary S 1 in Business & Finance ➔ Taxes ➔ United States
It depends how you got the disability. Private plan? If so, and you are an employee it will usually be included in your W-2. Did you get tax relief on the premiums? If not, the income is similarly non-taxable. If you did, you must pay tax on the income.
2007-01-21 03:28:33 · answer #1 · answered by skip 6 · 1⤊ 0⤋
Any monies that come into a house are taxable income. In some rare cases they are exempted, but is better to ask the tax man than be hung.
2007-01-21 03:12:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Generally yes, but it depends on the source of the disability payment.
2007-01-21 06:08:54 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
do you recognize for a actuality that the money have been deemed tax-unfastened? have you ever gained a variety 1099? maximum varieties are sent out in February by way of fact the regulation calls for that variety(s) 1099 could be sent out via 2/28/2007. So locate out and then save on with by on your inquiry for EIC.
2016-12-16 09:50:05 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Disability income is non taxable. Don't claim it.
2007-01-21 03:13:38 · answer #5 · answered by Eva 5 · 1⤊ 2⤋
Hopefully this should answer your question.
http://www.hcvadvocate.org/hepatitis/hepC/Taxing%20disability%20benefits.htm
2007-01-21 05:13:11 · answer #6 · answered by emaaaazing! 4 · 0⤊ 0⤋