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Can you received rental income on a second home while collecting long term disability benefits?
You can still receive long-term disability insurance benefits even if you receive rental income. Depending on the definition of the disability included in your contract, some policies may pay a lower benefit, if your passive income exceeds certain % compared to your pre-disability active earnings.
Is long term private disability income subject to FICA?
No, long term private disability income is not subject to FICA, as it is considered a disability benefit and not earned income. FICA taxes are typically applied to wages and certain other types of income.
Where could one find a lawyer to assist with a long term disability insurance claim?
One can find a lawyer to assist in long term disability insurance claim in the phone book under lawyers. The lawyers often dealing with long term disability insurance will help you get paid when you have a disability.
Canada Revenue Agency long term disability insurance taxable income?
Canada's Revenue Agency has a long term disability insurance for disabled individuals. The amount received from this does, in fact, count as taxable income.
How long do you have to be pregnant to file for disability?
You can file for a disability claim once your doctor indicates that you are unable to work. Your maternity leave will also be covered.
What happens to your health insurance once short term disability runs out?
Health insurance and disability insurance (short or long-term) do not affect eachother. While health insurance pays for medical expenses reimbursement, disability insurance pays to replace your income lost due to healthconditions.
Can I claim my children as dependents on my tax return if my income was from unemployment benefits?
Unemployment income does not effect your dependents and your ability to claim them on your return. As long as you meet the other requirement to claim your children then you can certainly claim them.
How long does it take for disability retirement to go into effect?
the standard proceedure is to allow no more that six months to rocess the claim. That is from when the claim is filed.
What type of insurance replaces income if you have a long-term illness or injury and cannot work?
-disability
What type of insurance replaces income if you have a long term illness or injury and cannot work?
disability
Can bankruptcy prevent garnishment of private long-term disability income?
Long term benefits are protected from creditors as long as you don't commingle those disability benefit monies with other monies in your bank account.
Can you collect state disability after long term unemployment?
If you're currently disabled and unable to work, you should apply for disability income benefits through your state.
