Short Term Disability And Your Taxes

IMPORTANT: Disability benefit payments, when received, will be taxable as income:

Your disability benefit payment amount under this plan is 60% of your normal earnings to a maximum of $65,000 annually. The benefit you receive will be taxable - no tax is with-held at source. At tax time the insurance company will issue a W-2 showing the benefit (income) you have received during the tax year.