You'll need to sign in or create an account to connect with an expert.
No, workers compensation is not taxable.
See excerpt from IRS link below, page 18:
'Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act.'
https://www.irs.gov/pub/irs-pdf/p525.pdf
No, workers compensation is not taxable.
See excerpt from IRS link below, page 18:
'Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act.'
https://www.irs.gov/pub/irs-pdf/p525.pdf
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
trjones8231
New Member
KPD77
Returning Member
pkelly
Returning Member
pkelly
Returning Member
rie0162
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.