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Are workers compensation benefits taxable?

April 26, 2017Benefits compensation taxable Workers

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Are workers compensation benefits taxable?

6 Answers

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Workers’ compensation benefits are currently not subject to federal income taxation. If an employee has specific questions about this matter, we recommend the employee be directed to the Internal Revenue Service or to his or her legal advisor.

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Workers’ compensation benefits are not taxable as per the NJ Gross Income Tax law NJSA 54A:6-6.

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No, Workers Compensation Benefits in Florida re not taxable. The Internal Revenue Service (IRS) has confirmed this in its widely used Publication 17 that helps explain a multitude of issues, including the Workers Compensation Benefits Non-Taxability.

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Workers’ compensation benefits are not taxable as per the NJ Gross Income Tax law NJSA 54A:6-6. For further information, please visit the IRS website at: http://www.irs.gov/individuals/page/0,,id%3D14507,00.html.

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Workers’ compensation benefits are not taxable as per the NJ Gross Income Tax law NJSA 54A:6-6. For further information, please visit the IRS website at: http://www.irs.gov/publications/p17/ch05.