Wisconsin Worker's Compensation - Help For Injured Wisconsin Workers

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  1. #1
    loretta Guest

    Default Do we pay taxes on workers comp settlements

    Just accepted a settlement agreement today, I'm in WI but do I have to pay any taxes.

  2. #2
    Join Date
    Oct 2006
    Posts
    4

    Default Re: Do we pay taxes on settlements in WI

    I also live in WI and am in the process of litigating my claim. My understanding from my attorney is that you will not have to pay taxes on the wage arrearage part of your settlement because you will only receive 2/3 of that wage. I'm not sure about any PPD compensation or loss of future wages. I think you should ask an attorney.

  3. #3
    Join Date
    Oct 2006
    Posts
    9,108

    Default Re: Do we pay taxes on settlements in WI

    Disability payments are not considered earned income by the IRS so no taxes have to be paid.

  4. #4
    Wcomp Guest

    Default Re: Do we pay taxes on workers comp settlements

    It is not taxable.

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