have been on workman’s comp for a year. Received monthly payments till my case closes. My question is, since no taxes have been removed. Do I need to fail any taxes at all. Assuming my only income is through WC payments.
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No, workmen's compensation is not taxable so there is no need to file a return if that's all you had.
No, workmen's compensation is not taxable so there is no need to file a return if that's all you had.
Workers compensation is not taxable. You do not enter it on a tax return. Do you have any other income to enter? If not, you do not need to file a tax return.
Who has to file?
http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F
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