turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I want to know if I received workers compensation is it included in my W-2 or do I need to wait for a separate form??

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PeterM
New Member

I want to know if I received workers compensation is it included in my W-2 or do I need to wait for a separate form??

Workers compensation is non-taxable income, so no...you don't need to wait for any forms before you file your 2016 tax return.

Generally, most income you receive is considered taxable but there are situations when certain types of income are partially taxed or not taxed at all. 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. The exemption also applies to your survivors. The exemption, however, does not apply to retirement plan benefits you receive based on your age, length of service, or prior contributions to the plan, even if you retired because of an occupational sickness or injury.

Please see the following link for more information IRS Publication 525 (click here)

 


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies