answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the tax rate on short term disability?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much is the US capital gains tax?

Capital gain taxes are based in large part on your ordinary tax rate.... * Ordinary tax rate 10%, long term capital gains tax 0%, short term capital gains tax 10% * Ordinary tax rate 15%, long term capital gains tax 0%, short term capital gains tax 15% * Ordinary tax rate 25%, long term capital gains tax 15%, short term capital gains tax 25% * Ordinary tax rate 28%, long term capital gains tax 15%, short term capital gains tax 28% * Ordinary tax rate 33%, long term capital gains tax 15%, short term capital gains tax 33% * Ordinary tax rate 35%, long term capital gains tax 15%, short term capital gains tax 35%


Is short term disability income taxable?

The taxable status of short term disability depends upon how you pay the premium. If you pay for short term disability at work via pre-tax deductions, the benefit will be taxable. If you pay with after tax deductions, you keep the entire benefit free of any taxes.


What percentage of your salary do you receive if you are on short term disabilty?

If you are in the state of Texas, most disability, both short term and long term disability will cover 60% of your income tax free.


Rate of short-term capital gain tax?

Normal income tax rates for your state


Do you have to claim short term disability payment on your tax forms?

If I collected Disability payments in 2013 - on what line (or are they exempt) do they appear as income - Are they considered wages?


What is the capital gains tax rate for the selliing of stock shares?

15% for Long Term, Ordinary Rates for short term www.TaxMeThis.com


Can you get short term disability insurance if you are pregnant and have coverage through your fiance's company and did not elect short term disability at open enrollment with your employer?

Its sort of like wanting to buy Life Insurance after you die isn't it? I am sure you can get SDI but not to pay you when you take maternity leave. There are three parts to this question and answer: 1 - You can obtain short term disability coverage if you are already pregnant. It will cover you for accidents and illnesses only. Your future pregnancies will be covered if you continue the policy. 2 - Open enrollments are attached to programs you select on a pre-tax basis - per IRS Section 125 rules. You can pay for short term disability on a post tax basis, and enroll at any time. When you pay the premium using post tax dollars, your benefit is tax free. 3 - You should get short term disability at your place of employment. If your employer does not offer the option, its easy to ask for the benefit since you are paying the premium, not your employer. You do not qualify for benefits at your fiance's employer until you are married.


Canada short term disability is it taxable income?

If you are referring to Short-Term Disability Insurance, it is taxable if your employer made the contribution, and not taxable if you made the contribution. This is because it is treated as a taxable benefit from employment that you have not been taxed on already. Please let me know if you are referring to something else. Thanks, Ragu HandyTax (Disability Tax Credit Consultants)


What is the difference between long term capital gains and short term capital gains?

When you buy an investment and then sell it in less than a year, the held longer than one year. Short term gains are taxed at your current federal tax rate and a state tax rate. Long term gains are taxed at 15% for the feds and a state tprofit you've made is called short-term capital gain. Long term capital gain is profit from investments ax(unless you're in the 10% or 15% fed.income tax bracket, then the federal LT gain tax is ZERO in 2008!).


Do short-term losses from a stock sale offset short-term capital gains for tax purposes?

Short offset shorts first, then they offset longs. Your better to have them offset short, as short is taxed at ordinary rate and long at special lower rate. A stock sale is a capital gain/loss transaction.


Do you have to claim short term disability on your tax return?

In many cases yes. Go to irs.gov and search pub 525 and read under "Sickness and Injury Benefits"


Can you collect unemployment in New Jersey after long term disability is terminated?

No, because there is no tax deductions in your disability which entitles you to receive unemployment.