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| Josh M. wrote: - quote - > "A.G. Kalman" <glendale202-mtm[at]yahoo.com> wrote:
Sorry for the delay in responding.> > Josh M. wrote: > > > I've seen a lot of debate on this topic over the years--not > > > to rehash the whole debate (search google for "VPDI SDI" for > > > more), but I work in CA for a company that offers a VPDI > > > short-term disability plan with the same exact costs (but > > > slightly better benefits, I believe) as the state SDI plan, > > > and I've been on the VPDI plan for the past 10 years. The > > > first few years, I deducted the VPDI payments on my federal > > > sched A, until doing some research, and then I didn't for > > > the past several years, thinking it wasn't deductable. > > > > > However, this year, I noticed that my company (a very large > > > tech company) shows "VP-DI 512.24", as usual, but in an > > > online "Summary", shows "SUI/SDI (Box 14 of W-2) 512.24". > > > This is a personalized summary (with my own numbers and > > > categories, i.e. not just a generic listing of items). > > > Clicking on the summary line pulls up a screen with "SUI/SDI > > > is the amount deducted for State Unemployment Insurance or > > > State Disability Insurance." Checking the last 2 years' > > > W-2s available online also shows the same thing (with the > > > lower contribution amounts of past years) > > > > > So, apparently my company considers VPDI to be equivalent to > > > SDI/SUI (which is what's asked for in various tax programs). > > > Does this change any opinions here on the VPDI vs SDI > > > issue? > > Everything you would ever want to know about this issue from > > of those us responding on this board is in the 39 post > > thread called CA-VPDI dated 4/1/03 (an appropriate date). > I read that thread, and saw that the consensus was that > there was no consensus :-) My post was meant as a followup > question--since my employer specifically refers to the VPDI > amount as "SDI/SUI", how does that fit for those who argue > VPDI is not deductible: - quote - > a) Is it possible some plans are set up in a way that they
It is my view that unless your payment goes to the state of CA> are deductible, and some not (mine is the same cost, but > better benefits, than SDI)? (your company is nothing more than an "agent") it is not a tax. - quote - > b) Is my company mistaken in referring to the VPDI payment
Maybe your payment is CASDI and not VPDI.> as "SDI/SUI"? I should probably ask what their rationale > is, but I suspect I'm going to get a vague answer along the > lines of "Can't give tax advice; see an accountant". -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "A.G. Kalman" <glendale202-mtm[at]yahoo.com> wrote: - quote - > Josh M. wrote:
I read that thread, and saw that the consensus was that> > I've seen a lot of debate on this topic over the years--not > > to rehash the whole debate (search google for "VPDI SDI" for > > more), but I work in CA for a company that offers a VPDI > > short-term disability plan with the same exact costs (but > > slightly better benefits, I believe) as the state SDI plan, > > and I've been on the VPDI plan for the past 10 years. The > > first few years, I deducted the VPDI payments on my federal > > sched A, until doing some research, and then I didn't for > > the past several years, thinking it wasn't deductable. > > > However, this year, I noticed that my company (a very large > > tech company) shows "VP-DI 512.24", as usual, but in an > > online "Summary", shows "SUI/SDI (Box 14 of W-2) 512.24". > > This is a personalized summary (with my own numbers and > > categories, i.e. not just a generic listing of items). > > Clicking on the summary line pulls up a screen with "SUI/SDI > > is the amount deducted for State Unemployment Insurance or > > State Disability Insurance." Checking the last 2 years' > > W-2s available online also shows the same thing (with the > > lower contribution amounts of past years) > > > So, apparently my company considers VPDI to be equivalent to > > SDI/SUI (which is what's asked for in various tax programs). > > Does this change any opinions here on the VPDI vs SDI > > issue? > Everything you would ever want to know about this issue from > of those us responding on this board is in the 39 post > thread called CA-VPDI dated 4/1/03 (an appropriate date). there was no consensus :-) My post was meant as a followup question--since my employer specifically refers to the VPDI amount as "SDI/SUI", how does that fit for those who argue VPDI is not deductible: a) Is it possible some plans are set up in a way that they are deductible, and some not (mine is the same cost, but better benefits, than SDI)? b) Is my company mistaken in referring to the VPDI payment as "SDI/SUI"? I should probably ask what their rationale is, but I suspect I'm going to get a vague answer along the lines of "Can't give tax advice; see an accountant". For this year, I think I'm going to deduct it. If the IRS should happen to audit, and feels otherwise, I guess that's a risk I'll have to take--based on the arguments in the previous threads, and this information from my company, I feel I at least have a good faith rationale for taking the deduction. Thank you all for the excellent advise in this group--the first think I do when I have a tax question is check Google Groups, and usually the answer is right here. Thanks, Josh << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Josh M. wrote: - quote - > I've seen a lot of debate on this topic over the years--not
Everything you would ever want to know about this issue from> to rehash the whole debate (search google for "VPDI SDI" for > more), but I work in CA for a company that offers a VPDI > short-term disability plan with the same exact costs (but > slightly better benefits, I believe) as the state SDI plan, > and I've been on the VPDI plan for the past 10 years. The > first few years, I deducted the VPDI payments on my federal > sched A, until doing some research, and then I didn't for > the past several years, thinking it wasn't deductable. > However, this year, I noticed that my company (a very large > tech company) shows "VP-DI 512.24", as usual, but in an > online "Summary", shows "SUI/SDI (Box 14 of W-2) 512.24". > This is a personalized summary (with my own numbers and > categories, i.e. not just a generic listing of items). > Clicking on the summary line pulls up a screen with "SUI/SDI > is the amount deducted for State Unemployment Insurance or > State Disability Insurance." Checking the last 2 years' > W-2s available online also shows the same thing (with the > lower contribution amounts of past years) > So, apparently my company considers VPDI to be equivalent to > SDI/SUI (which is what's asked for in various tax programs). > Does this change any opinions here on the VPDI vs SDI > issue? of those us responding on this board is in the 39 post thread called CA-VPDI dated 4/1/03 (an appropriate date). -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I've seen a lot of debate on this topic over the years--not to rehash the whole debate (search google for "VPDI SDI" for more), but I work in CA for a company that offers a VPDI short-term disability plan with the same exact costs (but slightly better benefits, I believe) as the state SDI plan, and I've been on the VPDI plan for the past 10 years. The first few years, I deducted the VPDI payments on my federal sched A, until doing some research, and then I didn't for the past several years, thinking it wasn't deductable. However, this year, I noticed that my company (a very large tech company) shows "VP-DI 512.24", as usual, but in an online "Summary", shows "SUI/SDI (Box 14 of W-2) 512.24". This is a personalized summary (with my own numbers and categories, i.e. not just a generic listing of items). Clicking on the summary line pulls up a screen with "SUI/SDI is the amount deducted for State Unemployment Insurance or State Disability Insurance." Checking the last 2 years' W-2s available online also shows the same thing (with the lower contribution amounts of past years) So, apparently my company considers VPDI to be equivalent to SDI/SUI (which is what's asked for in various tax programs). Does this change any opinions here on the VPDI vs SDI issue? Thanks, Josh << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| california, deductability, sdi, vpdi |
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