Did you know…..?
Did you know that Worker’s Compensation benefits are not taxable and neither are any settlements you might receive? You will not receive a 1099 or W2 for any benefits that are paid to you by the worker’s compensation carrier. However, tax laws are subject to change and I strongly urge you to consult with your financial advisor or accountant when you file your taxes. Please feel free to contact the Ramsay Law Firm if you have any questions.