What is TAPS? The Texas Association of Public Schools Property and Liability Fund (TAPS) is a self-insurance pool set up under the Texas Interlocal Cooperation Act on September 1, 2001. Membership is limited to public school districts, community colleges and education service centers.
Disability benefits you receive from the Department of Veterans Affairs (VA) aren't taxable and don't need to be reported on your return. However, Military Disability Retirement pay could be taxable if reported on form 1099-R.
1 Social security payments can be taxed or non-taxed depending on the type and amount of income received. 2  Retirement income from Roth IRAâs or Roth 401kâs are non-taxable.  Disability insurance payouts are gross income but not net income so long as you (not your employer) pay the monthly premiums for your policy.