Ask Experts Questions for FREE Help !
Ask
    fdurgin's Avatar
    fdurgin Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 2, 2009, 11:04 AM
    Workmens Compensation
    Are workmens compensation settlements taxble?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 3, 2009, 12:10 PM
    Negative. Workman's compensation is NOT taxable for either federal or state income taxes.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Workman's compensation law [ 3 Answers ]

Recently, I suffered the loss of a part of a finger at work. I am not too familiar with Oregon law's dealing with work. comp. but feel that My job is in jeopardy. My question is this... Can an employer lay me off or fire me due to loss of a digit while I was on the clock? I foresee no...

Nonemployee compensation [ 6 Answers ]

When filing federal taxes, is schedule c the only required form to report nonemployee compensation? If there are no business expenses, will I only have to fill out my personal info and income amount>

Workman compensation [ 2 Answers ]

What is a fact finding hearing.

Compensation [ 3 Answers ]

I am a full-time caregiver for my 82 year old mother, is there any compensate from the government, hud or any other program out there I can turn to for help with this. Trisha

View more questions Search