Are Workers Compensation benefits taxable in Pennsylvania?

It's that time of year when we either file or begin preparation to file our state and federal tax returns.  That means it is an appropriate time to address the taxation issue of workers compensation wage loss benefits. So are your weekly wage loss benefits taxable?  The answer is NO.   Pennsylvania does not tax as income workers compensation benefits.  According to IRS Publication 907, your workers compensation weekly wage loss benefits are not taxable at the federal level either.…

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Realities in a Pennsylvania workers compensation settlement

I have written posts before about the timing of a workers compensation settlement. It’s a personal decision between you and your family.  The topic of this post is --- settlement expectations. There are a few realistic expectations that must be discussed to better help you understand the settlement process. First, just because an injured worker decides they are ready to settle their claim, does not necessarily mean the workers compensation insurance carrier is interested in settling claim. It has to…

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