Are Long-Term Disability Benefits taxable? | Bradenton Long Term Disability ERISA Lawyer

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Are Long-Term Disability Benefits taxable?

It depends! If you’ve paid for your long-term disability policy with pretax dollars, your long-term disability benefits will be subject to taxation. Most people have long-term disability insurance coverage as part of a benefit package offered by their employer. Even if you pay part of the long-term disability insurance premium and your employer pays the rest, your long-term disability benefits will be taxable.

If you paid for your long-term disability benefits with after-tax dollars, your long-term disability benefits will not be subject to taxation.

Do you know if your long-term disability benefits are taxable? You should find out so that you have adequate long-term disability coverage. You don’t want to find out that you didn’t purchase the correct amount of long-term disability coverage after you become disabled.

If you have questions about the taxability of your long-term disability benefits, please contact Tampa Bay disability Attorney Nancy Cavey. Nancy has written the free must read book on Long Term Disability/ERISA policies and the disability claims process.

If you have any questions, please give us a call at 727.894.3188 or contact us online by clicking here.