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Can a workers compensation claimant receive tax-free payments from a structured settlement?

April 26, 2017claimant compensation PAYMENTS structured tax-free Workers

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Can a workers compensation claimant receive tax-free payments from a structured settlement?

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Yes. The payments would be excluded under IRC 104 (a)(1). Assignments are available under IRC 130 if the claim is for workers’ compensation filed after July 1, 1997 or if the claim is paid from a casualty insurer.