do you have to pay taxes on a Workman's compensation settlement?

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do you have to pay taxes on a Workman's compensation settlement?

2007-02-26 17:31:10 · 3 answers · asked by sindi 5 in Business & Finance ➔ Taxes ➔ United States

3 answers

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.

2007-02-26 21:33:47 · answer #1 · answered by tma 6 · 0⤊ 0⤋

Yep

2007-02-27 01:33:39 · answer #2 · answered by Anonymous · 0⤊ 1⤋

yes, u should have got 1099

2007-02-27 08:43:05 · answer #3 · answered by Anonymous · 0⤊ 1⤋