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  1. #1
    headoverfeet's Avatar
    headoverfeet is offline The truth will set you free, but first it will **** you off. -Gloria Steinem
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    Default Tax Buffs, are works compensation payouts tax deductible?

    Just wondering if compensation payouts are tax deductible? It wasn't for loss of wages just for permanent injuries sustained.

    TIA

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    As far as I am aware they are not. I had a payout and it didn't affect my tax at all for that year.

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    My dh wasn't taxed on his. It was stated in his offer that it would be tax free.

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    Nope it's not

  5. #5
    headoverfeet's Avatar
    headoverfeet is offline The truth will set you free, but first it will **** you off. -Gloria Steinem
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    Thanks everyone

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    What about if work cover. Paid for Loss of wages is that taxable ?


 

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