Is my disability income taxable?

Is my disability income taxable?

We're looking at our tax returns stuff. We're trying to get it ready to do my tax return and, lo and behold, here's a piece of paper that says I received disability income during the year. Normally, generally, disability income is not taxable. If it's workman's compensation income from an injury, that's not taxable. If it's disability income from a private insurance company, as long as you didn't deduct the premiums, then you don't have to report the income. If you have a disability insurance policy and you're paying the premiums, you don't want to deduct them as an expense on your tax return because if, God forbid, you need to collect that disability income, and you deducted the premiums as a deductible expense, then when the income comes in you'll have to pay tax on the income. The idea being you've got a disability insurance policy in case of a disability, and you don't want to deduct those insurance premiums so that when that income comes in it's non-taxable.