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Because the govt. is poor um hold up.. second answer; not always depends on if the long term was state or federal and if you collected it when you shouldnt have and various other things i"m thinking this is a question of will i have to vs the first answer of why...
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Is long term disability income taxable?
It depends on how the premiums for the long-term disability policy are paid. If the premiums are paid with pre-tax dollars (such as through an employer-sponsored plan), then the benefits are generally taxable. However, if you pay the premiums with after-tax dollars, then the benefits are usually not taxable.
Are private disability insurance benefits taxable?
Individual disability insurance benefits are not taxable, because the premiums are paid with after-tax money. The employer paid disability insurance policies have taxable benefits due to the fact that premiums are paid by the employer with pre-tax money.
Can long term disability deduct what SD is giving you for your child due to your disability?
if your long term disability is integrated with social security disability, then yes. This is the case for most employer paid long term disability plans, or your employee benefits package. If the Long-Term DI policy is an individual plan, not through your employer - you could receive the full base benefit if it's not integraded with Social Security Disability Benefits.
Can you get unempolyment while getting long term disability?
Disability benefits are received if you are unable to work. Unemployment is paid if you are able to work and actively searching for employment. These two definitions are contradictory, so you won't be able to legally collect disability benefits and unemployment.
Is disability income taxable?
Determining if the benefits are taxable depend supon whether the premiums were paid before or after taxes. If before taxes, the disability income you receive is taxable. If youpremiums were paid after taxation, the disability income benefits you receive are not taxable.
Is disability insurance taxable income?
Determining if the benefits are taxable depend supon whether the premiums were paid before or after taxes. If before taxes, the disability income you receive is taxable. If youpremiums were paid after taxation, the disability income benefits you receive are not taxable.
Can employer paid disability plans be considered taxable?
Yes, employer paid disability insurance plans are normally paid with pre-tax money, therefore the benefits will be taxed.
Are long term disability payments taxable if employee pays for coverage through their company?
You should consult with a tax specialist, but generally employer paid disability insurance benefits are taxable.
Do you have to apply for Social Security Disability when you start getting Long Term Disability from your employer?
Yes, if your disability insurance policy has a benefit that is integrated with social insurance benefits.Most employer paid disability insurance policies are integrated with social security benefits, because of the lower premium they have to pay. Individual disability insurance plans can be purchased with or without social security integration. Benefits that are not integrated with social security benefits will not be affected whether you apply or not for social security disability benefits.
Do you have to report life insurance benefits paid to me if I'm on social security disability?
NO
Are long term disability payments paid by companies insurance policy taxable by state and state governments?
If the Long-Term Disability benefits you receive are from a company sponsored program, the taxation is dependent on whether your employer pays the premiums. Assuming that your employer pays for and provides the insurance to you, then the benefits you receive are taxable as ordinary income.
How long after you file pregnancy disability do you receive benefits?
The response time varies by the insurance carrier.If your are filing for pregnancy disability before your delivery, you will have to show why you are unable to work.If you are filing for maternity benefits the benefit payout is fixed at 8 weeks for c-section, and 8 weeks for vaginal delivery. These benefits are paid more quickly as the amounts are fixed, and it's simple to determine the reason for your disability.
