Jonas is covered with disability insurance through his employer. The employer pays 75% of the premium, while Jonas

Question

Question: Jonas is covered with disability insurance through his employer. The employer pays 75% of the premium, while Jonas pays the other 25%. What is Jonas' tax liability for any benefits paid from the disability plan?

Answer 1

Taxes must be paid on 75% of the benefits received

Jonas is covered with disability insurance through his employer. The employer pays 75% of the premium, while Jonas pays the other 25%. Jonas' tax liability for any benefits paid from the disability plan is that taxes must be paid on 75% of the benefits received.