$245,340. That's the magic number for how much it will cost a middle-income American family, on average, to raise a child born in 2013 until he or she becomes an adult.And families living in the Northeast will be taking on a greater burden, according to a report out Monday.dvertisement. $245,340. That's the magic number for how much it will cost a middle-income American family, on average, to raise a child born in 2013 until he or she becomes an adult. And families living in the Northeast will be taking on a greater burden, according to a report out Monday.
Additionally, payments to the employee from their employer's long-term disability insurance are taxable income whereas payments from an employee purchased plan are usually not. Long-term disability insurance (LTD) begins to assist the employee when short-term disability insurance (STD) benefits end. Once the employee's short-term disability insurance benefits expire (generally after three to six months), the long-term disability insurance pays an employee a percentage of their salary, typically 50-70%.
Report Abuse. It depends on what you mean by disability payment. If it is social security disability, you'll have to check with them. If it is an insurance claim, it depends on the source of coverage. If it is an individual policy owned and paid for by you, claims are not taxable income.eport Abuse. It depends on what you mean by disability payment. If it is social security disability, you'll have to check with them. If it is an insurance claim, it depends on the source of coverage. If it is an individual policy owned and paid for by you, claims are not taxable income.