2
   

Do you pay taxes on workers compensation?

 
 
Reply Tue 2 Feb, 2010 09:31 am
My girlfriend was injuried on the job last august 2009 and drew workers compensation for about a month. She will also be getting a settlement of $240.00 also. Does she suppose to report the workers compensation on her tax return? What about the $240.00 settlement? She lives in the state of Virginia.
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 2 • Views: 2,474 • Replies: 2
No top replies

 
CalamityJane
 
  1  
Reply Tue 2 Feb, 2010 10:15 am
@russharv63,
She doesn't have to pay taxes on the workers comp payments, unless she additionally received salary then the difference in workers comp payments and salary is taxable. Also, if payments are made under labor union contracts,
they're not tax free. As for the $ 240.00 settlement - that's tax free as well,
on a federal and state level.
0 Replies
 
roger
 
  0  
Reply Wed 3 Feb, 2010 03:58 am
?????????????
0 Replies
 
 

Related Topics

 
  1. Forums
  2. » Do you pay taxes on workers compensation?
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.04 seconds on 06/19/2024 at 10:00:20