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Tax question on cigna long term disability income
Posted on 11/21/20 at 12:25 pm
Posted on 11/21/20 at 12:25 pm
Retired 66 years old on SS and retirement pension. Have been getting a Cigna disability policy. Money was taken out of my paychecks for the policy, although I think the company must have paid some. Is this money from Sigma tax exempt. I check on IRS site and its kind of iffy of if its exempt. Its good to have the extra income but wondering about tax liability. Its over 50K.
This post was edited on 11/21/20 at 3:24 pm
Posted on 11/21/20 at 12:27 pm to tigerstripes
Excellent thread title.
Posted on 11/21/20 at 12:45 pm to tigerstripes
the crowds will be at zion and arches, pros know to go to capital reef and canyonlands instead
Posted on 11/21/20 at 1:38 pm to tigerstripes
Are you saying you’re getting a disability benefit? If so it’s almost certainly tax free money, the only exception to that is if you paid premium with pre-tax money then the disability benefit would be taxable.
That’s rare.
That’s rare.
Posted on 11/21/20 at 1:47 pm to tigerstripes
What does Southern Utah have to do with you being disabled?
Posted on 11/21/20 at 2:26 pm to tigerstripes
This post was edited on 11/23/20 at 5:21 pm
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