Posts Tagged ‘Tax Deductibility’
IRS tax deductibility of SDI, State Disability Insurance, and VDI, Voluntary Disability Insurance?
mike s asked:
Two questions:
Two questions:
1) Many companies require employees to pay State Disability Insurance, SDI, while other require Voluntary Disability Insurance, VDI.
It appears that SDI payments are tax deductible on the Federal return but VDI are not. Why is this?
2) Are benefits paid under each of these plans taxable or non taxable?
thanks
Create a video blog
