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dylatess, ATTORNEY
Category: Social Security
Satisfied Customers: 3441
Experience:  37 plus years of SSD practice
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It turns out that I was taxed on Long Term Disablity $10k

Customer Question

It turns out that I was taxed on Long Term Disablity $10k per month and Social Security payments in 2015. This is contrary to our last conversation. The LTD payments were classified as sick pay.. Is that wrong? Should the w4 been filed as exempt?? LTD premiums were deducted from paychecks Should I file amended return?? Help!!
Submitted: 1 year ago.
Category: Social Security
Expert:  Teddra Lake replied 1 year ago.
I realize you are trying to contact a different expert, hoping this information will help.Payments for sickness or injury, including disability pension payments,are not taxable if the taxpayer paid for the plan. If boththe taxpayer and employer paid, only the amount received dueto the employer’s payments is reported as income. If insurancepremiums are paid through a cafeteria plan, the employee isconsidered to have paid the premiums only if the benefits wereincluded in income.
Customer: replied 1 year ago.
I paid LTD premiums via my paycheck....So how do I know if IBM paid part or not?? And let's say I paid all via my premiums.... How do I get money back? File amended IRS tax return??
Customer: replied 1 year ago.
Thank you!!
Customer: replied 1 year ago.
Should I file a W4 as exempt with them?
Customer: replied 1 year ago.
How do you file W4?
Customer: replied 1 year ago.
Hello a couple of my questions have not been answered? Can you still help?