I'm currently receiving long term disability through insurance from my previous employer and have filed for SSD.
My LTD payments are not taxed as I paid for the premiums with after tax dollars.
I heard today that when I file my taxes next year I'll need to pay tax on any payments I receive from disability payment if our family makes over 32,000.
For those of you on private or social security disability can you tell me what you have experienced at tax time?
Thanks, I just want to be prepared for tax time next year as this is my first time on disability.
:blush:
My LTD payments are not taxed as I paid for the premiums with after tax dollars.
I heard today that when I file my taxes next year I'll need to pay tax on any payments I receive from disability payment if our family makes over 32,000.
For those of you on private or social security disability can you tell me what you have experienced at tax time?
Thanks, I just want to be prepared for tax time next year as this is my first time on disability.
:blush: