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is a payment from aflac

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Posted: Fri Jan 30, 2009 12:19 am Post subject: is a payment from aflac

is a payment from aflac from a disability policy considered taxable income

midniteangel

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Joined: 30 Jan 2009
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Posted: Fri Jan 30, 2009 6:25 am Post subject:

Was it through your employer? or you have purchased it individually? If you have paid the premium from your after tax income then it might not be taxable. _________________ Register Now to have your Insurance queries solved.

anonymous 12

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Posted: Fri Jan 30, 2009 6:35 am Post subject:

Yeah, if your employer has paid the premium then it would be considered as deferred compensation and therefore is taxable. However, the benefits received from a private disability policy isn't taxable if paid by the policy holder with his after tax money. _________________ Register Now to have your Insurance queries solved.

bluebell

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Posted: Mon Feb 23, 2009 8:18 pm Post subject: aflac payments and income tax

What if the payment was paid entirely by the employee but came out of pretax dollars - were deducted from the paycheck prior to taxation? _________________ Register Now to have your Insurance queries solved.

Karen

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Posted: Sun Jun 28, 2009 10:40 pm Post subject:

If the money was paid pre-tax then the proceeds are probably taxable. Check with your company's HR or with your tax advisor if you have one.

wdrazek

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Joined: 28 Jun 2009
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