Loretta received $6,200 from a disability insurance policy that she purchased directly this year. Loretta must include all $6,200 in her gross income.

Name: Loretta received $6,200 from a disability insurance policy that she purchased directly this year. Loretta must include all $6,200 in her gross income.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Disability insurance benefits that are paid out from a policy purchased directly by an individual (with after-tax dollars) are generally not taxable and do not need to be included in gross income.

Loretta Received $6,200 from a Disability Insurance Policy That She