I have a question about claiming workers comp on taxes. Do you claim workers comp on taxes as taxable income?
Regarding your question: do you claim workers comp on taxes, the answer is no. You are not subject to claiming workers comp on taxes because you need not pay tax on income from a workers compensation act or statute for an occupational injury or sickness. However, retirement plan benefits are taxable if either of these apply:
- You retire due to your occupational sickness or injury
- Your workers compensation payments reduce your Social Security or railroad retirement benefits.
Also, you might need to include workers compensation as income if:
- You received the payments for an injury.
- You previously deducted related medical expenses.
Related Resources
Learn more about the elderly or disabled tax credit and get tax answers at H&R Block.
Learn what to do if your dependent received a W2 and how that may impact your return with advice from the tax experts at H&R block.
Can you get tax credits if you pay for private school? Learn more from the tax experts at H&R Block.
Do children have to pay taxes on income and earned wages? Learn more from the tax experts at H&R Block.
