2007-01-18 12:38:10 · 4 answers · asked by tgthanks 1 in Business & Finance ➔ Taxes ➔ United States
No it is tax free.
2007-01-18 15:00:26 · answer #1 · answered by irongrama 6 · 0⤊ 0⤋
I got a 45,000 settlement and did not pay taxes on it but it was paid out weekly for over a year. Not 4 sure if I should have included it or not. Its been 4 years and not a peep from IRS.
2007-01-18 13:25:08 · answer #2 · answered by lovelife 1 · 0⤊ 0⤋
Workman's Comp isn't taxable if it became all medical. in case you gained a judgment for discomfort & suffering, that section might want to be taxable. Your settlement ought to state the distribution of the money.
2016-11-25 19:21:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Usually not. The worker comp bureau could probably answer this question for sure in your case.
2007-01-18 14:09:44 · answer #4 · answered by Judy 7 · 0⤊ 0⤋