Workman’s comp

Forum|Forum|2 years ago
February 28, 2024
2 replies
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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.

Ask the Experts - SelfEmployed - Feb 2024

Best answer by DianeW777

No, workmen's compensation is not taxable so there is no need to file a return if that's all you had.

DianeW777Answer

No, workmen's compensation is not taxable so there is no need to file a return if that's all you had.

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xmasbaby0

Employee

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**