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Purk and Associates
St. Louis CPAs and Business Advisors
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Daily Archives: November 5, 2020

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Disability income: How is it taxed?

UncategorizedBy Jim BurgessNovember 5, 2020

Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case with tax questions, the answer is … it depends. The key factor is who paid for the benefit. If the income is paid directly to you by your employer, it’s taxable to you as ordinary…

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