How is disability income taxed?
Does it count for Covered CA Subsidies?
If you have an employer that paid the premium for your Disability Income Policy then the benefits you receive are taxable and count as MAGI income, if you paid the premium for a private policy, then you don’t have to pay taxes on the income, nor does it count as MAGI income.
Learn More ===> IRS Publication 525 Page 17
Instructions on how to appoint us as your Covered CA Certified Agent – No Extra Charge. We only get compensated when you appoint us.
How about Disability Income coverage for your friends and family who are currently working and in good health?
How to get and information on disability coverage