Burnett Evans Banks

We don’t get paid unless and until you do!

Protect your rights. The insurance company has trained adjusters who have lawyers at their everyday disposal. You should have your own attorney.
In most cases, you will need qualified legal representation to maximize the value of your Workers Compensation claim.

Do I pay taxes on Workers Compensation benefits?

No. Workers Compensation benefits are totally exempt from both federal and state income taxes.
However, if your employer continues to pay your regular salary or wages and requires you to turn over your workers compensation benefits, you will be taxed on any amount your employer paid you in excess of your workers compensation benefits.
Also, if you are receiving social security benefits, the part of your workers compensation that reduces your social security benefits may be taxable on your tax return as social security benefits.

If you return to work after qualifying for workers’ compensation, salary payments you receive for performing light duties are taxable as wages.