Is Disability Insurance Income Taxable?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaIf you have a legitimate business, that expenses operation costs, you may qualify for a deduction for disability insurance premiums. And tax deductible disability insurance allows for the purchase a greater benefit than nondeductible disability premium. However, tax deductible disability insurance benefits are taxable at ordinary income tax rates.Answered on June 22, 2013+01+1 this answer
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