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bnrobinson1991
New Member

Do you have so file a worker’s compensation settlement on taxes ?

 
5 Replies
CatinaT1
Expert Alumni

Do you have so file a worker’s compensation settlement on taxes ?

Workers Compensation is not taxable.

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bnrobinson1991
New Member

Do you have so file a worker’s compensation settlement on taxes ?

Do I have to file the settlement that was received once we settled ?

DawnC
Expert Alumni

Do you have so file a worker’s compensation settlement on taxes ?

Did you receive a tax form for 2019? 

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awalls
New Member

Do you have so file a worker’s compensation settlement on taxes ?

I receives a workman comp settlement . I did get a tax form from the lawyer . Do I have to file it on my taxes ?

KrisD15
Expert Alumni

Do you have so file a worker’s compensation settlement on taxes ?

It depends on what the settlement is paying for, lost wages or physical injury. It might even be a combination of both. 

 

You could ask the lawyer for clarification if you are unsure. The IRS link below will also help you determine what portion, if any is taxable. 

 

You my also enter the form into the TurboTax program and answer the interview questions that follow. The program should know how to report it. 

 

Please click here for IRS information about settlements

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