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Product ID: 408658EAU
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Social Security Disability Income: Taxation and Reporting Requirements

OnDemand Webinar (57 minutes)

Gain a better understanding of how to advise on tax planning and social security disability benefits, as well as important reporting requirements.Professionals such as financial planners, accountants, and attorneys are asked by clients about rules and regulations in many different areas. Statistics published in 2018 from the Council for Disability Awareness states that one in four can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age. They go on to state that about 13% of the U.S. population, about 43 million people, are classified as disabled. Odds are; that you have clients, family members, or friends asking about disability issues. This topic will give you the facts you need to know to be able to answer Social Security disability questions confidently and accurately. This material will give you the knowledge you need to expand and improve your professional advisory practice.


Theodore J. Sarenski, CPA/PFS, CFP, AEP, Blue Ocean Strategic Capital, LLC


Who Qualifies for Disability?

• How Long Do You Need to Work Before Being Eligible?

• What Benefit Are You Eligible for?

• When Do Your DBI Benefits End?

Family Benefits Available

• Spouse

• Children

• Others

Children With Disabilities

• What Benefits Are Available?

• What Happens When Child Reaches Age 18?

• What Benefits Are Available From the Parents?

Taxation of Disability Benefits

• Single, Married Filing Jointly, Married Filing Separate, Head of Household

• Collection of Multiyear Benefits in a Lump Sum

• Exemptions