By: Larry Gilmore

Larry Gilmore — Wed, 29 May 2013 05:18:26 +0000

Is disability insurance considered income? Taxation of disability proceeds are going to depend on what you did to your premiums taxwise. If you deducted your premiums for taxes, any benefit is taxable income. If your employer provides your disability coverage as a benefit, it will be taxable income as they are taking the tax deduction on the premium.

New answer on: Is Disability Insurance Considered Earned Income?

By: Larry Gilmore