topic Tax Year Prior to 2020: I received a settlement for a work comp injury-Is this settlement money considered income and can I include it on my taxes to get EIC and Child tax credit? in Get your taxes done using TurboTax

Tax Year Prior to 2020: I received a settlement for a work comp injury-Is this settlement money considered income and can I include it on my taxes to get EIC and Child tax credit?

lmachesky21 — Wed, 03 May 2023 20:48:58 GMT

KarenL2 — Sat, 01 Jun 2019 03:11:49 GMT

In most cases, Workers' Compensation Benefits are not taxable income. Please see IRS Taxable and Non-Taxable Income for more details.

Also, you will need earned income to claim those tax credits. Unfortunately, Workers' Compensation is not considered to be earned income.