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 ...
Workerâs Compensation Reduction. Social Security disability may be reduced for workerâs compensation and other public disability benefits. Oddly, the amounts deducted are included as benefits received for purposes of income tax.t this level, taxes are payable on the lesser of (1) 50% of Social Security benefits received, or (2) one half of the difference between provisional income and the applicable base amount. Fortunately, this is the end of the income taxation picture for most recipients of disability benefits.