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 ...
Most workers' compensation benefits are not taxable at the state or federal levels. However, a portion of your workers' comp benefits may be taxed if you also receive Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI). Workers' compensation is in the same category of non-taxable income as the following: Payments from public welfare fund;