I just received a tax related paper for ther four weeks of FMLA that I received. I also has 4 weeks of STD pay. Do I have to add them to my taxes this year?
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I was surprised to receive a paper on mine too. Do you pay for your STD pre-tax or post? I pay for mine pre-tax so from what I understand I will be paying taxes on what I was paid when I file. Bummer.
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@Mrsbells: Is it a W2? I received a W2 for short term disability when I took off work, and I had to add it.
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@mrsaudi: It just says its a 1099 type form. So I'm not sure if that counts as w2?
@jennylynn: I'm not sure if I already paid tax on my STD. But I know for sure I didnt pay tax on the FMLA because they asked me if I wanted them to deduct 10% for tax and I said no because I needed the money at the time -
Generally 1099s are reportable on your taxes. How it impacts your overall taxes is much more complicated and depends on your personal scenario.
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@MamaG: Oh I see.. I only got a 1099 for my FMLA, should I be expecting one for my STD too?
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I'm not sure what you mean by FMLA in this case. Like @JennyLynn said, I believe it depends on who pays for your STD premiums and if it is a per or post tax benefit.
The good news is 1099s have to be made no later than 1/31.
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@MamaG: well I didnt get anything through my employer. I applied to my state directly for STD, and when the 8 weeks was up they told me I qualified for up to 6 weeks of paid FMLA bonding time. And I only used 4 weeks of that and the 1099 I received is for that last 4 weeks.
Hopefully like you said I should receive any other paperwork soon
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If you get a 1099 or W-2 you definitely need to report that as income. If you have questions, there should be someone you can contact at your employer.
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Okay, I'm glad I'm reading this because I guess I just thought this would show up on my W2.
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@kml636: yes thats what i thought too. I dont know whay everything cant be simpler since its all connected to the same social security number. When I was in england they have an NI number there and you dont have to file taxes there unless you feel you were over taxed for some reason.
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