If either your employer bought the disability policy, or you purchased it with PRE-tax money (thru payroll deduction perhaps), then I believe disability benefits are taxable at ordinary income tax rates. If it was purchased with after tax money, usually not taxable. A good rule of thumb is: If YOU haven't paid taxes on the premiums, you're going to pay taxes on the benefits. If you mean "pension payments" when you say "retirement checks," then yes. It is taxed like ordinary income.
A credit card company may win a lawsuit against you to garnish your disability or retirement checks.
Your husband might can get his retirement pay when he is on his disability. This can depend on who he worked for.
Yes it could affect the amount of your SSB that could become taxable income on your 1040 income tax return.
When will disability social security checks be deposited in july 2014
= How much will gov take from disability and social security checks?" =
Social Security disability benefits are typically lower than retirement benefits because they are calculated on the basis of fewer years of income. When a disabled worker reaches full retirement age, his or her benefits automatically convert from disability to retirement income at the same rate. There is no windfall payment for disability.
To apply for disability retirement coverage you will need to be under the age of 65 and meet specific requirements. The requirements include that you are vested, you begin receiving Social Security disability benefits and that you have recent coverage for disability.
What state
Yes. Yes.
Your question is confusing. Are you asking about receiving monthly Social Security checks? Or are you asking about Social Security Disability payments. They are two different types of Social Security Benefits.
It will depend on how much you worked. Retirement disability benefits are based on how much you worked and how much money you made over time.
http://tax.ohio.gov/helpfiles/IFileHelp/help/2007/1040schaded.html indicates that disability benefits are a deduction on your Ohio tax forms, meaning that you should not have to withhold taxes from those checks. (Disability and Survivorship Benefits section). However, it's best to contact your state tax agency to be 100% sure: http://tax.ohio.gov/channels/global/contact_us.stm Although you should go ahea and have them held from each check, it is not required.