Video Tip: Is Your Physician Disability Benefit Taxable?
Updated: Aug 27, 2020
You may or may not have to pay taxes on the benefits you collects from a disability claim. It depends on how your physician disability insurance premiums are paid. This 3-minute video explains this in more detail, and shares if your premiums are deductible.
This thorough blog post from Ryan Poindexter also explains this concept, and answers why you may want to pay with pre-tax dollars.
If you have questions about this or about how it affects your unique situation, please do not hesitate to contact us.