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Old 10-30-2010, 05:11 AM #1
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Question workers comp settlement & taxes
I know this has been asked before But I can't find any info on it. I'm in Pa & I received my settlement earlier this year; any taxes on lumpsum settlements?
Ty
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Old 10-30-2010, 02:43 PM #2
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Originally Posted by Jaycojade View Post
I know this has been asked before But I can't find any info on it. I'm in Pa & I received my settlement earlier this year; any taxes on lumpsum settlements?
Ty
L&I (work comp) benefits are an insurance benefit, and therefore are generally not taxable. But you can check for yourself on the Pa website: http://www.portal.state.pa.us/portal...mode=2#whatare
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