Question

What is the PFL income received from insurance company?

Forum|Forum|1 year ago
February 21, 2025
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PFL typically refers to Paid Family Leave. This is money you receive from an insurance company or employer while you're taking time off to care for a family member or bond with a new child.

For tax purposes, PFL payments are generally considered taxable income at the federal level, similar to regular wages. You'll receive either a W-2 or 1099-G showing the benefits you received. You need to report this income on your federal tax return but the tax treatment at the state level can vary by state. Some states may exempt these benefits from state income tax.