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D
dardiserw
February 9, 2020
Question

How do I determine the nontaxable portion of my longterm disability earnings? I purchased the buy-up from my employers' plan with post-tax earnings.

  • February 9, 2020
  • 1 reply
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1 reply

DavidS127
DavidS127
February 9, 2020

If both you and your employer have paid the premiums for the plan, only the amount you receive that is due to your employer's payments is reported as income.

 

If you pay the entire cost of a health or accident insurance plan, don't include any amounts you receive for your disability as income on your tax return.

 

See this IRS guidance on disability insurance proceeds for more details.

 

 

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