Legal Question in Workers Comp in Florida
Worker's Comp Pay and Taxation
Are worker's compensation benefits taxable?
Asked on 1/13/09, 3:00 pm
1 Answer from Attorneys
Mark Zientz
Law Offices of Mark L. Zientz, P.A.
Re: Worker's Comp Pay and Taxation
I am not a tax specialist. I can tell you that workers' compensation benefits are generally not taxable. One exception is any interest paid for a late payment of benefits. Interest is taxable. Consult with a tax specialist before filing any tax returns.
Answered on 1/13/09, 3:14 pm