John,an Employee of a Manufacturing Company,suffered a Heart Attack and Was
John,an employee of a manufacturing company,suffered a heart attack and was unable to work for six months.He received $1,500 per month of disability benefits as a result of an employer-provided group policy.The benefits are includible in John's gross income.
Payments received from a workers' compensation plan are taxable.
Premiums paid by an employer for employee disability coverage are excluded from the employee's gross income.
The value of health,accident,and disability insurance premiums paid by an employer are generally not included in an employee's gross income.