Legal Question in Workers Comp in Florida
taxation of workmans comp benefits
I was out of work about 9 months and received wc benefits. do i need to pay federal taxes on this money? How do I get a statement of the total benefits I received? Thank you
Asked on 1/31/02, 2:14 am
1 Answer from Attorneys
Steve Renick
Bloom & Kinnear P.A.
Re: taxation of workmans comp benefits
In my experience, workers' compensation benefits are not normally taxable. However, you should consult an accountant or tax expert (whomever may do your taxes, H&R Block, tax attorney) to make sure about the same. Please don't rely solely upon my experience, as the tax laws change all the time. Please get the proper tax advice as set forth above. Good luck.
Answered on 1/31/02, 8:01 am
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