You can often get short-term and long-term disabilities from work. Not all companies have such programs; in general, medium-size and larger corporations are more likely to offer them as part of your benefits package than smaller companies are. If you receive a disability payment from work, you'll get part or all of your salary. In general, if you're eligible for short-term disability, you'll receive your regular paycheck amount, which will be taxed. If you receive long-term disability, however, you'll receive a partial amount, but it'll generally be nontaxable. (Check with the Internal Revenue Service [IRS] and ask for Publication 907, "Tax Highlights for Persons with Disabilities," for clarification; call 800-829-3676 to have the publication mailed to you, or go to www.irs.gov/pub/irs-pdf/p9 07.pdf to view and print the publication yourself.)
Don't assume that you'd know if your company had you covered for disability. Ask your employer or employee-benefits representative specifically about disability coverage.
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