Finances are often a top-of-mind subject for many Americans, but come tax season, it's a whole different beast. That's when you have to spend time thinking of how you're going to file, what you can write off, how much time you have left to procrastinate and so on.
The finance expert said those who are getting disability insurance through their employer probably should file, but for those getting Social Security Disability,"you probably don't need to file." The IRS defines a tax deduction as"an amount you subtract from your income when you file so you don't pay tax on it." Jenkin says tax deductions, like a 401 or an HSA, get you to your taxable income, which is the amount the IRS uses to calculate how much you owe.
Source: News Formal (newsformal.com)
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