Asked 2/3/2008
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Short and long term life insurance; health insurance If an employer pays for short and long term disability insurance for employee, is that considered taxable compensation? What about employer paying employee a montly amount to cover employee's amount of spouse's coverage of employee on his work health insurance? |
Answer 1/2 - Submitted 5/6/2011
I've researched this question and have read answers on both sides. It will depend on what the IRS rules are on this. However, I could not find anything online related to this question. My best advice is to contact an IRS representative via phone and find out for sure if short and long term disability paid by the employer is considered taxable income.
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