Is a Disability Pension Taxable in New York State?

If you’re applying for a disability pension in New York State, you may be wondering, “Is a disability pension taxable in New York?” The answer is: it depends. Although many pensions are subject to federal tax, there are exceptions. State taxes may also apply if you relocate. What is a Disability Pension in New York? Disability pensions come in many forms. This overview focuses on…

What Are Some Negatives of Getting Social Security Disability?

When facing a disability that prevents you from working, Social Security Disability Insurance (SSDI) can provide a much-needed financial lifeline. However, as with any government program, there are some potential drawbacks to receiving SSDI benefits. Limited Income One of the primary disadvantages of Social Security disability is the limited income it provides. SSDI benefits are calculated based on your average…

How Long Do Disability Retirement Benefits Last in NYS?

The New York State and Local Retirement System (NYSLRS) offers disability retirement benefits to permanently disabled employees of New York State or other participating employers. Are you an NYS employee who can no longer perform your duties because of a disability? You may qualify for this benefit if so. The benefit typically lasts for the rest of your life. However, you must first…

Filing Taxes When One Spouse Is on Social Security Disability

When one spouse receives Social Security Disability Insurance (SSDI) benefits, it can significantly impact a couple's financial situation. As tax season approaches, many married couples wonder how to file taxes when one spouse is on Social Security disability. Do I have to claim my husband's Social Security disability on my taxes? If you're married and file a joint tax return,…

Can I Get Child Tax Credit If On Disability in New York?

Living with a disability while raising children in New York can be financially challenging. Many disabled individuals and their families rely on tax credits, like the Child Tax Credit, to help make ends meet. If you receive Social Security Disability Insurance (SSDI) and have dependent children, you may wonder if you still qualify for this valuable credit. Do people on…

Does Police Officer Disability Retirement Have Age Restrictions?

If you’re a police officer in New York who’s thinking about taking medical retirement, you might have questions about whether you qualify for disability benefits. You might wonder if there is a disability retirement age requirement. As a general rule, the only age requirement is that you are under normal retirement age. Police Officer Disability Retirement in New York: Options…

What Happens to My Pension If I Go on Disability in New York?

When you’ve worked hard all your life in New York and saved for retirement, unexpected challenges like a disabling injury or illness can raise many questions. For many New Yorkers, one of the biggest concerns involves their pensions. How do they work with disability benefits? Can you get both at the same time? Here's what happens to your pension if…

How To Appeal A VA Disability Claim Decision

The U.S. Department of Veterans Affairs (VA) offers VA disability benefits to certain veterans. To be eligible for VA disability benefits, you need to: have previous active duty, active duty for training, or inactive duty for training service, AND have a medical condition currently affecting you physically or mentally. In addition, at least ONE of the following statements must be…

Are Veteran (VA) Benefits Taxable In New York?

The U.S. Department of Veterans Affairs (VA) offers a range of veteran benefits to: Uniformed Servicemembers Veterans Spouses, children, or parents of deceased or disabled Servicemembers and Veterans You may have questions about such benefits programs if you’ve served in the armed forces. For instance, you might wonder which programs you’re eligible to participate in. You may also ask, “Are…

Can I Get TRICARE as a Disabled Veteran In New York?

Various active duty service members, retired service members, and their families may qualify for TRICARE. This health insurance plan allows beneficiaries to access care through both military and civilian providers. If you are wondering, “Can I get TRICARE as a disabled veteran in New York?” contact [firm-name] today. Our veteran disability benefits lawyers in New York can answer your pressing questions…