It’s my annual “Taxes from A to Z” series! Next up: D is for Disability Income When you miss work due to an injury or disability, you may receive compensation in the way of disability income from an employer’s insurance, health plan, or pension plan. Under the Tax Code, all income is taxable unless otherwise…
I’ve been getting a lot of questions from disabled taxpayers about whether any special tax breaks exist for them in 2009. The answer is yes – and no. As I stated in a prior post, there was some economic relief for disabled Americans in 2009 in the form of the Economic Recovery Payment (ERP) –…
Taxpayer asks: I heard that I can get more money back from my taxes this year because I am disabled. Is this true? I am on fixed income and it would help me. Taxgirl says: I think what you’re referring to is the one time payment for retirees and disabled persons as part of Obama’s…
