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Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act. The exemption also applies to your survivors. The exemption, however, does not apply to retirement plan benefits you receive based on your age, length of service, or prior contributions to the plan, even if you retired because of an occupational sickness or injury.

If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. For a discussion of the taxability of these benefits, see Other Income under Miscellaneous Income, later.

Go to the IRS.gov web site and use the search box for Publication 525 Taxable and Nontaxable income

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13y ago
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12y ago

in the state of mass no you do not pay state or federal taxes. you are receiving a percentage of your income and it is offset to cover for taxes.

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9y ago

yes, you must pay taxes everywhere in the untied states.

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Q: Do you have to pay taxes on workmans comp in the state of Maryland?
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Related questions

If you are drawing workmans comp and working at your job part Tim and workmans comp pays you the difference and you get sick and are out of work a few days will workmans comp still pay you the differ?

As each state's criteria for eligibility and amount of workman's comp payable differs, you need to contact your state's office for clarification.


Can the IRS take your workmans comp payout to pay back taxes?

No. Workman's Compensation is exempt from levy.


Do you have to report long term disability checks to workmans comp?

what earnings must i report to workmans comp


What can you do if an employer fails to file a claim on workman's comp?

Contact the state you live in workmans comp office and file a complaint.


Is it true Workmans Comp has only 9 years to collect then they can stop all Workmans Comp payments and treatments?

no


If you have a workmans comp claim and settle out of court is the workmans comp company required to cover the same injury for the rest of your life if you hurt that area again will workmans comp pay?

i lost a finger in 1983 do i get money for that


Do you have to repay workmans compensation if you receive a lawsuit settlement?

You need to check with your work comp state laws, but in most states you do not have to pay taxes on your settlement. You can usually google something like "your state-work comp laws".gov to find website.


Who do you contact about workmans comp fraud?

The employer, the insurance company, your state board of insurance and your state's workers' compensation bureau are all good to contact about Work Comp insurance fraud.


What is the maximum withholding for workmans comp?

4.5%


What happens to workmen's comp if the employee is discharged from his job?

In the state of Indiana, you still will receive workmans compensation after being terminated from your job. You will receive workmans compensation until the doctor releases you.


You are a sub contractor work by your self do have to pay workmans comp?

In some states being a sole proprietor with no employees allows you a waiver for the state required workmans comp insurance. However, many large companies as well as state and federal projects will require WC insurance, regardless of the waiver status.


Does workmans comp cover hernias?

Was it an on the job injury?