Is Income From Disability Insurance Taxable?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If you paid for your own Disability Insurance policy with "after tax" money (earnings that you paid taxes on), your income from your Disability Insurance policy should not be taxable. If you need to collect on your Disability Insurance policy, you will be in a circumstance where this will be a very welcome benefit.
    Answered on October 19, 2013
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  2. 1330 POINTS
    Mark Taylor
    Licensed Life Agent, Life and Finance/ 50 States, New York
    Disability insurance is non taxable as income. This insurance is designed to keep the income coming in event a person is injured and not able to work. Workers Comp is designed for injury at work only and your own policy can cover you both at home and work. You can have your own even if you are collecting Workers Comp.
    Answered on February 10, 2014
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