Log in

View Full Version : I pay $1 for LTD premiums after taxes and employer pays rest. Is my LTD pay taxable


smarsh
Jun 5, 2010, 07:51 AM
I pay $ 1 for LTD premiums after taxes. My employer pays rest of premium for LTD for me. Will my LTD checks be taxable now that I've just been granted full disability?

AtlantaTaxExpert
Jun 5, 2010, 08:51 AM
Yes, the long-term disability is taxable, because the $1 is only a nominal payment. The REAL cost of the LTD was born by the employer.