Whether you’re interested in submitting a claim for long-term disability benefits, are currently involved in a disability insurance dispute, or are already getting benefits, chances are you’ve at least considered the tax consequences. Unfortunately, there’s no simple answer to the question, “are short- and long-term disability benefits taxable?.” Instead, it depends on your circumstances. At Bryant Legal Group, we’ve spent decades helping people navigate their disability insurance claims. In this blog, we’ll discuss the factors that will impact your long-term and short-term disability benefits’ taxability. Basics of Long-Term Disability Income Taxation The IRS addresses disability insurance benefit payments in Section 105 […]
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