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Level 1
December 22, 2021

Long Term Disability & IRA

  • December 22, 2021
  • 1 reply
  • 6 views

Are long term disability payments (paid from an employer plan) considered earned income? If so, can that earned income be used to contribute to a Roth or traditional IRA?

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    1 reply

    qbteachmt
    Level 15
    December 22, 2021

    I think you asked the same thing three different ways.

    Over here:

    https://proconnect.intuit.com/community/tax-talk/discussion/long-term-disability-able-account/01/184523/highlight/false#M6780

     

    I point out these payments are not Earned Income. Is this person Employed?

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