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Member
Member Since Dec 2015
Location: Indiana
Posts: 473
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#1
At the beginning of the year, I got a payment from my employer based disability policy. There was a one-year limit on mental health. Some of the 12 months I received benefits, it was not much because I was continuing to try to work, and those earnings, and PTO, reduced the benefit amount.
I also started receiving SSDI benefits early in the year. I do not think the SSDI is taxable, but I'm at a loss of figuring out if the employer plan payment changes whether or not the SSDI is taxable? It was not income from a job, and was made in two or three payments, all in the first couple months of the year. I'm reading that if half of your ssdi, plus other income, is above 34,000, then 85% of ssdi is taxable. If it's 25,000, then it's 50%. Below 25,000, then zero. I do not know exactly but I think I may be right at the the border of the 25,000. I obviously haven't had taxes withheld from the ssdi, so this may end up being a large amount. Does anyone have experience with this? |
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Human
Member Since Apr 2014
Location: Home
Posts: 8,405
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#2
I am unsure. I used to receive both. I used a TurboTax and it figured all this stuff out for me.
__________________ What if I fall? Oh, my dear, but what if you fly? Primary Dx: C-PTSD and Severe Chronic Treatment Resistant Major Depressive Disorder Secondary Dx: Generalized Anxiety Disorder with mild Agoraphobia. Meds I've tried: Prozac, Zoloft, Celexa, Effexor, Remeron, Elavil, Wellbutrin, Risperidone, Abilify, Prazosin, Paxil, Trazadone, Tramadol, Topomax, Xanax, Propranolol, Valium, Visteril, Vraylar, Selinor, Clonopin, Ambien Treatments I've done: CBT, DBT, Transcranial Magnetic Stimulation (TMS), Talk therapy, psychotherapy, exercise, diet, sleeping more, sleeping less... |
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