How Does My Workers’ Compensation Settlement Affect My Tax Return?

October 28, 2022 Legal Team
If you are receiving workers’ compensation benefits after an injury or illness on the job, you may be wondering how your tax return will be affected. Fortunately, workers’ compensation benefits are tax-exempt with only rare exceptions. Workers’ Compensation Benefits and Your Tax Return Whether you receive a lump sum or bi-weekly workers’ compensation benefit...
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