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Aflac payments are generally considered to be tax-free if you paid the premiums with after-tax dollars. However, if your employer pays the premiums or if you receive the payments as part of a salary continuation plan, they may be taxable. It's always a good idea to consult a tax professional for personalized advice based on your specific situation.
What else can I help you with?
Are rent payments from family members considered taxable income?
Yes
If you overpaid state tax by making estimated payments is your state tax refund taxable?
Some of the refund amount could be taxable if you itemized deduction in the year and claimed the estimated tax payments as a part of your itemized deduction for that year.
Do i as a disabled veteran pay income tax on the disability payments?
If your disability payments are through the VA then they are tax free and are not considered taxable income.
If receiving a settlement from work related accident do you pay taxes on it?
Worker's Comp payments are not taxable.
Are long term disability payments taxable if employee pays for coverage through their company?
You should consult with a tax specialist, but generally employer paid disability insurance benefits are taxable.
Are va disability payments taxable?
Maybe. Disability payments can considered tobe partially or fully taxable income.
Is aflac a taxable income?
It depends on the benefit -- it's best to locate your agent and give them a call. They will know.
Are insurance settlements taxable?
Generally settlements are not taxable. Some insurance payments are taxable in certain circumstances. Disability payments received on a policy that the premiums were completely paid for by your employer would be taxed as ordinary income.
Are auto accident settlements taxable when you are on ssi disabily or need to be reported?
No these types of payments are not taxable.
Are insurance payments for loss of income taxable?
because it is....
Is the money you get from winning a law suit taxable?
This would depend on what the reason for the suit is and what payments are made for. If, for instance the suit was for unpaid wages, then the direct payments demanded by the court for wages would be taxable, as would interest allowed by the court. If a suit was for damages such as an injury to a person in an automobile accident then the award would not be taxable. Worker's Compensation payments are also an item that is not taxable.
Are long term disability payments taxable?
Not if you were paying for your own policy yourself. Tax free benefit. 4lifeguildMaybe. Disability payments can considered tobe partially or fully taxable income.
Are rent payments from family members considered taxable income?
Yes
Is workers comp lump sum payments taxable in manie?
yes
Are uninsured motorist payments taxable?
Uninsured motorist payments are generally not taxable. These payments are considered compensation for personal injury or property damage rather than income, which means they typically do not incur federal income tax. However, if the payment includes compensation for lost wages, that portion may be taxable. It's advisable to consult a tax professional for specific situations.
Are disability payments from SS taxable?
Yes it can happen that from 50% to 85% of your SSB can become taxable income on your 1040 income tax return.
Is series of annuity receipts treated as interest income?
Are you saying you are receiving payments from an annuity? Yes and no. It depends on how you are taking the money out. If you are taking interest only payments than 100% is taxable. If you are taking a combo than a portion is taxable.
