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
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.
yes, you must pay taxes everywhere in the untied states.
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.
No. Workman's Compensation is exempt from levy.
what earnings must i report to workmans comp
Contact the state you live in workmans comp office and file a complaint.
no
i lost a finger in 1983 do i get money for that
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.
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.
4.5%
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.
Was it an on the job injury?
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.