Tradies and professionals. A lot of people think the terms âinterior designerâ and âinterior decoratorâ are interchangeable names for exactly the same profession. This isnât the case though, and depending on the services youâre expecting, it might be pretty important that you know the difference.
If your Social Security disability benefits were offset because of your workers' comp payment(s), the amount by which your Social Security payment was lowered is actually taxable income, even though you're still receiving the money as workers' compensation money (because you might have received the money as Social Security, and Social Security ...
If your disability pension is paid under a statute that provides benefits only to employees with service-connected disabilities, part of it may be workers' compensation. That part is exempt from tax. The rest of your pension, based on years of service, is taxable as pension or annuity income.If you die, the part of your survivors' benefit that is a continuation of the workers' compensation is exempt from tax.hat part is exempt from tax. The rest of your pension, based on years of service, is taxable as pension or annuity income. If you die, the part of your survivors' benefit that is a continuation of the workers' compensation is exempt from tax.