I'm on long term disability; and I'm not sure if I'm suppose to pay taxes each year
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I'm on long term disability; and I'm not sure if I'm suppose to pay taxes each year
Yes, if you have income - some disability income is taxable.
Wes190113:
If YOU paid the premiums on your disability policy, or the disability is from Social Security, then the disability income is tax-free, so no tax return would be required.
If you are getting the disability from an employer-porvided plan, then the disability income is fully taxable, and a tax return (both federal and probably state) would be required.
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