Are My Disability Insurance Benefits Taxable?

Are my Short Term or Long Term disability insurance benefits taxable? As a general rule,

• If your employer paid the premium, then your disability insurance benefits are taxable.
• If you paid the premium using after-tax dollars, then your benefit is not taxable.
• If you paid only a portion of the premium using after tax dollars while your employer paid the rest of the premium, then the benefit is taxed proportionally.

If you need further information, you should seek and rely on tax advice from a professional accountant, tax preparer, or tax attorney concerning any tax matters.

Copyright (c) 2010 by John V. Tucker and Tucker & Ludin, P.A. All rights reserved. For assistance with your Long Term Disability claim, ERISA Disability benefit claim, Social Security Disability claim, or Veterans Disability compensation or pension claim, call Disability Lawyer John Tucker at (866) 282-5260.