Tag Archives: Taxes

Are workers’ comp payments taxable?

Tax tips for individuals who received Michigan workers’ comp benefits in 2018. We get lots of telephone calls about workers’ comp and federal income tax. People want to know if their weekly payments and/or lump sum settlements are taxable. This is especially true if a W2 or 1099 has not been provided by their employer. […]

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Income paid under MI workers’ comp taxable?

Tax tips for people who received MI workers’ comp benefits in 2016 and why you should not receive a W2 or 1099 for these payments. We get lots of telephone calls this time of year asking if MI workers’ comp payments are taxable. Many of these callers are in a panic because they have not […]

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Reminder about taxes and workers’ compensation

Tax tips for individuals who received workers’ compensation benefits in 2014. The IRS tax filing deadline is April 15, 2015. This means it’s time to start thinking about how much money you owe Uncle Sam. We frequently get telephone calls this time of year. People want to know if they owe taxes on their workers’ […]

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