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Question

my wife and I are both retired on social security, my wife is also receiving a disabilty penson from Montgomery county High school is her disability pension taxable?

Submitted: 1278 days and 5 hours ago.
Category: Tax
Value: $8
Status: CLOSED

Accepted Answer

Dear

According to IRS Publication 525,

Your wife must include as income, any disabiltiy pension she receies that was udner a plan that was paid for by her employer until she reaches normal retirment age if she were not disabled. It would be reported on Line 7 of form 1040 or form 1040A.

Beginning on the date she becomes eligible for retirement, she would begin to report the income as taxable pension rather than as wages. At this time the income wojld be reported on lines 16a and 16b of form 1040 or lines 12a and 12b of form 1040A.

REFERENCES: http://www.irs.gov/pub/irs-pdf/p525.pdf#search=%22is%20disability%20pension%20taxable%20income%20irs.gov%22

 

 

emj121938980.5744495718

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Expert: Ed Johnson
Pos. Feedback: 99.2 %
Accepts: 5140
Answered: 9/20/2006

Tax Preparer

GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee

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