Is a workmans comp settlement taxable income?

ntmntm11 · ‎June 4, 2019

TomD8 · ‎June 4, 2019

Generally speaking, workman's comp payments are not taxable. For a detailed explanation, see the Workers Compensation section on page 19 of this IRS reference: https://www.irs.gov/pub/irs-pdf/p525.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

View solution in original post

TomD8 · ‎June 4, 2019

Generally speaking, workman's comp payments are not taxable. For a detailed explanation, see the Workers Compensation section on page 19 of this IRS reference: https://www.irs.gov/pub/irs-pdf/p525.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Expert does your taxes

Do it yourself

Resources

Support

Is a workmans comp settlement taxable income?