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#2
02-07-2005, 06:36 PM
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 Re: Disability Insurance: Income? casteele95thbgheavy[at]yahoo.com wrote: - quote - > I've gone to the IRS site and looked this up in their
A.G. and Dorfmont:> Publications and I'm *still* not sure I understand it. > I'm receiving California State Disability Insurance. Is, or > is that not, reportable as income on my federal taxes. Well, after two weeks of searching the Web for an answer, I've finally gotten a definitive answer! THANK YOU! Caps are for emphasis, not shouting <G> . (It was easier for me to search for and find the IQ of Alsatian dogs than it was this should-have-been-EASY-to-find tax question: sheesh.) Again, many thanks to both of you! Christopher A. Steele << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-03-2005, 07:03 PM
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| Re: Disability Insurance: Income? The only instance in which CASDI is taxable is when the recipient has been on unemployment and becomes disabled. The SDI payments are considered a form of and continuation of unemployment benefits. Otherwise SDI is not taxable. Linda Dorfmont E.A., CFP, CSA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-02-2005, 07:21 PM
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| Re: Disability Insurance: Income? casteele95thbgheavy[at]yahoo.com wrote: - quote - > I've gone to the IRS site and looked this up in their
CASDI is tax-free. For everyone reading this: the reason it> Publications and I'm *still* not sure I understand it. > I'm receiving California State Disability Insurance. Is, or > is that not, reportable as income on my federal taxes. > Thank you! > Christopher A. Steele > ps. And if it is, should I be expecting some kind of form > from the state indicating how much I've gotten during the > year? is tax-free is that the insurance premiums were withheld from your after-tax wages. If some part of your disability payments had been taxable, you would have received either a W-2 or 1099-R reflecting a distribution. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
01-30-2005, 09:43 PM
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| Disability Insurance: Income? I've gone to the IRS site and looked this up in their Publications and I'm *still* not sure I understand it. I'm receiving California State Disability Insurance. Is, or is that not, reportable as income on my federal taxes. Thank you! Christopher A. Steele ps. And if it is, should I be expecting some kind of form from the state indicating how much I've gotten during the year? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| disability, income, insurance |
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