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?
![]() |
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?
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.
All times are GMT -7. The time now is 01:51 AM. |