How will workers compensation effect my tax return?

by **troyes** » Mon Apr 11, 2011 7:32 pm

My husband has been receiving workers compensation for all of 2009 for a back injury. He has had no other form of income. I work full time. We have always filed our taxes jointly. I was wondering if we get W2's or a 10 99 for the compensation? Is this taxable or do we only go off of my income? We live in Ohio. Thanks for any help!

by **gervaso81** » Mon Apr 11, 2011 7:38 pm

The income isn't taxable at all but if you itemize your deductions and claim sales tax instead of state income tax, add the workers compensation to you wages to determine how much of a deduction you will get.

by **hampton83** » Mon Apr 11, 2011 7:44 pm

It is my understanding that your workers comp should be tax free.

Maybe try doing a bit of reading on the net. I found this site to be quite good.

by **tupac** » Mon Apr 11, 2011 7:46 pm

It is my understanding that your workers comp should be tax free.

Maybe try doing a bit of reading on the net. I found this site to be quite good.

Your husband should get a W-2 form with both state and federal withholding. You treat this just like you would any other W-2 form.

by **shaddoc98** » Mon Apr 11, 2011 7:56 pm

i believe worker's comp for lost wages is not taxable for federal tax return purposes.

Advertisments:

Sponsor Links: