Should you declare your EDD disability insurance income on your tax return?

Answer You should receive a year end tax form from the insurance company, since it is income. Call them to make certain.

Top Q&A For: Should you declare your EDD disability insuranc...

Do You Have to Declare Workers' Comp Disability on Your Tax Return?

Life events can dramatically impact your tax situation. Having a child, changing jobs, going to college, and even receiving workers' compensation often translate to important changes once tax time ... Read More »

Do you have to declare your Social Security on your income tax return?

As of 2010, according to the U.S. Government Social Security Administration, you will need to declare your Social Security benefits on your tax return. Depending on the amount of your combined annu... Read More »

If you receive Disability Income from a Long Term Disability Insurance Policy can creditors garnish the monthly income from this policy?

The answer to your question is yes. If creditors can garnish your wages if you were working, then they can garnish the income you receive from your disability provider as well. The same procedures ... Read More »

What is the Difference between disability insurance and disability income insurance?

Disability insurance by definition is a policy that replaces a portion of your income should you become unable to work due to illness or injury. The two are the same.