Originated from
AOL Search

Workman's comp

Do you have to paid taxes on a workman's compensation check or settlement check?


Share Send to a friend Watch Report
 
 

2 Posted Answers
Order by

 
1 helpful answer

no. WC is actually equal to 80%of your average net income.

Helpful?(1)
Rated as Best Answer
 

Workman's Comp benefits are not taxable income,

Jennifer H Stokes, Licensed CPA

www.TaxDeductionsByOccupation.com

Posted 2009-09-06T06:34:06Z
Jennifer H Stokes was invited by Yedda to answer this question.

Sign in to participate

Got an answer for ZOHAN111? Would you like to comment on the posted answers, or vote for the one which you think is the best?

Sign up for a free account, or sign in (if you're already a member).

Explore Related Posts in Forums

Will I flag an audit if I have not paid taxes in ... Knowledge.

Will I flag an audit if I have not paid taxes in ten years with a past business and start to pay CPA's You should not be, just always be sure to check how to avoid a tax audit in order to avoid Will I flag an audit if I have not paid taxes in ten years with a past business and start to pay them now as an employee

California demanding sales taxes paid on sales never paid for

The state is demanding sales taxes paid on IOUs it sent out to businesses when it couldnt pay them the money... when it never paid those people for services rendered to the state. Just another example How is CA supposed to pay the IOU's if people don't pay the taxes on the IOU's? Wonder if they'd

Exxon's taxes paid vs the bottom 50% of tax payers (about 67 million of them...

The other taxes paid by the bottom 50%: state taxes, property taxes, sales taxes, etc... on government. Exxon might pay a lot of taxes, but it's among our costliest citizens. I with could upmod And people wonder why we don't have a voice.
» More...
Powered by
Feed - Subscribe to changes to this Q&A Blog
ADVERTISEMENT
ADVERTISEMENT
AOL Autos Q&A is powered by Yedda an AOL Company
Copyright © 2006-2010, Yedda Inc. and respective copyright owners