I have been out of work since 4/05. I had a work related injury that I recently recieved back temporary partial disability pay for. I have also recieved checks every 2 weeks since 10/06. My question is should I file a tax return on this? This has been my only income for the year.
2007-03-01 11:20:14 · 5 answers · asked by Linda K 1 in Business & Finance ➔ Taxes ➔ United States
Yes. You should file the return, even if you owe no tax - but it depends on the nature of the payments. Is the plan employer paid?
Disability payments are non-taxable if the benefits were paid from after-tax money (private disability insurance).
The entity that sends your check should be sending you year-end information, and I'd advise calling them directly.
Some states require disability forms.
2007-03-01 11:51:35 · answer #1 · answered by pepper 7 · 0⤊ 1⤋
It depends on where it's being paid from, but workers comp is not usually taxable, so if you didn't get any paperwork saying it is, then you're probably OK.
Disability pay has different rules than workers comp. Disability pay is often, but not always, taxable.
You could call whatever entity is paying this, and ask them.
2007-03-01 11:28:57 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
you may record, yet till you owe any earnings tax, you does no longer earnings taxwise from the tithes. If the incapacity is social protection and that's your in basic terms earnings, it is not taxable so there may well be no think approximately submitting. If it extremely is another sort of disability and is taxable, it extremely is accessible that it ought to earnings you to record and itemize.
2016-11-26 23:03:31 · answer #3 · answered by jewson 4 · 0⤊ 0⤋
I received workers comp. temporary disability for a shoulder injury and it was not taxable on my state or federal return.
2007-03-01 12:06:54 · answer #4 · answered by Pinky Lee 2 · 1⤊ 0⤋
Yes. It is income and is therefore taxable.
2007-03-01 11:27:58 · answer #5 · answered by cool_breeze_2444 6 · 0⤊ 1⤋