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 ...
Workers' Compensation Benefit Tax Issues. Clarify the type of workers' compensation benefits you're to receive. In most cases, these benefits are exempt from taxation at the federal and state level.The IRS states that, for an occupational sickness or injury, your benefits are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act..orkers' Compensation Benefit Tax Issues. Clarify the type of workers' compensation benefits you're to receive. In most cases, these benefits are exempt from taxation at the federal and state level.