How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ed Johnson Your Own Question
Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10760
Experience:  GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
Type Your Tax Question Here...
Ed Johnson is online now
A new question is answered every 9 seconds

My wife received payments from Aflac for benefits under an ...

Customer Question

My wife received payments from Aflac for benefits under an Accident policy and Intensive care policy that was provided for her at no cost by her employer. Most of the payments were for specific injuries or treatments, but a portion of benefits was a daily benefit for the time she was out of work. Is the payment for this daily benefit to be included as income. Is any portion of the other benefits for injuries or treatments to be included as income?
Submitted: 9 years ago.
Category: Tax
Expert:  Ed Johnson replied 9 years ago.

Did AFLAC issue a W-2 or 1099? if so, what were the entries in the boxes.

Generally, these type of payments are not taxable income becasue they are payments for sickness or injury.


Customer: replied 9 years ago.
No W-2 has been received and it is my understanding, though I do not know this for a fact, that Aflac does not issue w-2's for payments under these policies. But my question is, regardless of whether a w-2 is issued, does the payment of a specific benefit under the Accident policy for days out of work equate to 3rd party sick pay or short term disability benefits which would be taxable, even though the poicy is not a short term disability policy?

thanks, joe