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    momzurch's Avatar
    momzurch Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 18, 2010, 02:09 PM
    Filing income tax when you are on dissability
    This is my first year on dissability... would my husband and I be
    Wise to have a professional do our taxes? I am not sure how much has to be claimed... etc.thanks
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jan 18, 2010, 08:16 PM

    Since you appear to have no idea, I would use a professional.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 19, 2010, 11:24 AM
    Agreed; some disability payments are tax-exempt, while others are not.

    Using a competent tax professional for your initial return will give you a template off which you can file your own return using on-line or off-the-shelf tax software.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Jan 20, 2010, 06:07 AM

    Payments you received from a disability insurance policy that you paid the premiums for are not earned income. It does not matter whether you have reached minimum retirement age.

    If this policy is through your employer, the amount may be shown in box 12 of your Form W-2 with code "J." Then it will be reported as income.
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