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Is a settlement from a workers comp case taxable?

Asked over 2 years ago - Burke, VA
Employment Workers Compensation

Workers comp sent me a settlement offer. They said it would not be taxable. Is that true.

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Reputation Level 13
Answered over 2 years ago. Personal Injury Lawyer in Alameda, CA.
Generally speaking workers compensation benefits are not taxable. They were correct.
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Reputation Level 9
Answered about 2 years ago. Workers' Compensation Lawyer in Leesburg, VA.
Proceeds from a Virginia workers' compensation claim are generally not taxable. But if you invest those proceeds, any interest which you earn is taxable.
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