Is Workmans Comp Taxable Income?
Generally, workman’s comp income is not taxable in most states, though certain benefits from the Railroad Retirement Act or Social Security Act can be calculated and taxed. Consult a tax expert when in doubt about workman’s comp benefits using advice from a lawyer in this free video on workers’ comp. Expert: Robert Todd Bio: Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions.