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Yes this could be possible.

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Q: Are federal taxes payable on disability payments?
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Related questions

Do you pay taxes on state disability?

No because disability payments come from taxes, so it would not make sense. Disability payments do not come from the state they are federal.


Do you have to pay income taxes on ss disability payments?

Depends on the type of disability payments you receive. I do not have to pay taxes on my military disability, it is tax free.


Can short term disability payments be garnished in ks?

The government can garnish short term disability payments but no one else can. This is usually for back student loans or taxes.


Do you pay taxes for state disability payments?

Yes, it's the SDI deduction on your paycheck.


What are Lulu Payments?

In lieu of property taxes on federal lands


If you were out of work for 6 months on short-term disability can you be exempt from federal taxes?

No.


How many years can you deduct state income payments from your federal taxes?

20


If you paid 765 dollars this year in federal tax payments that were owed for a previous year is this your deductible?

Federal taxes paid or payable, (even if paid in the current year), aren't deductible in calculating your federal taxable income. State income tax payments may be deductible in determining your federal tax taxable income. And refunds received of a prior years State income tax may therefore be included in the current years federal taxable income.


Does georgia tax social security disability?

Some Social Security Disability beneficiaries have to pay federal income taxes on their Social Security Disability benefits, while others do not.


What is a sample journal entry for payroll including federal and state taxes?

Debit payroll expenseCredit cashcredit federal tax payablecredit state tax payable


An excess of income taxes expense over income taxes payable for a period is associated with?

a credit to deferred income taxes payable


Which federal bureau is in charge of collecting income tax?

if you know someone who owes income taxes and never paid you, and is receive disability can you take his disability?