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Category Archives: Taxes for Injured Workers

Are My Workers Compensation Benefits Taxable?

Are My Workers Compensation Benefits Taxable? One of the most common questions we get around this time of year is:  “Do I need to report my Arizona workers compensation benefits or settlement proceeds to the I.R.S.?”  or, “Are my Arizona Workers Compensation Benefits taxable?” Almost always, the answer is NO!!!  Generally speaking, Workers’ compensation benefits...

Are My Workers Compensation Benefits Taxable?

One of the most common questions we get around this time of year is:  “Do I need to report my Arizona workers compensation benefits or settlement proceeds to the I.R.S.?”  or, “Are my Arizona Workers Compensation Benefits taxable?” Almost always, the answer is NO!!!  Generally speaking, Workers’ compensation benefits are currently not subject to federal...