Are private disability claim checks taxable in NJ?

Answer It depends on how you paid the premiums. If you paid with after tax dollars, your benefit is completely tax free. If you used pre-tax dollars you would owe Federal Income taxes, but not NJ Income... Read More »

Top Q&A For: Are private disability claim checks taxable in NJ

Are SSI disability checks taxable income?

Whether disability is considered taxable income depends on whether the recipient has any other income. If disability is someone's only source of income, the payments are not taxable and it's not n... Read More »

Is private disability insurance taxable?

Whether or not private disability insurance BENEFITS are subject to Federal income tax is based primarily on whether the PREMIUMS for that coverage were paid with pre-tax or post-tax dollars, by wh... Read More »

My dad receives disability checks in my name for which is posted on my w-2s and i need to claim that income?

Contact the social security office in your area and let them know you no longer live with dad.http://ssa.govAlso, a W2 is a form you get from an employer, not from the government for disability ben... Read More »

Is disablilty taxable with a Waiver Of Premium Rider for private disability insurance?

Most Individual Disability policies have waiver of premium once you qualify for disability benefits built into the policies. If the premiums for the policy were not deducted as a business expense t... Read More »