02-17-2009, 12:54 AM
02-17-2009, 01:35 AM
US Tax Code:
"Except in the case of amounts attributable to (and not in excess of) deductions allowed under section 213 (relating to medical, etc., expenses) for any prior taxable year, gross income does not include—
(1) amounts received under workmen’s compensation acts as compensation for personal injuries or sickness; "
http://www.law.cornell.edu/uscode/html/u...-000-.html
"Except in the case of amounts attributable to (and not in excess of) deductions allowed under section 213 (relating to medical, etc., expenses) for any prior taxable year, gross income does not include—
(1) amounts received under workmen’s compensation acts as compensation for personal injuries or sickness; "
http://www.law.cornell.edu/uscode/html/u...-000-.html
02-17-2009, 03:00 AM
WC payments are tax exempt, as 1171 showed.
02-17-2009, 08:54 AM
1171 Wrote:US Tax Code:
"Except in the case of amounts attributable to (and not in excess of) deductions allowed under section 213 (relating to medical, etc., expenses) for any prior taxable year, gross income does not include—
(1) amounts received under workmen’s compensation acts as compensation for personal injuries or sickness; "
http://www.law.cornell.edu/uscode/html/u...-000-.html
Thank you for your help.
02-17-2009, 08:57 AM
AQA Wrote:WC payments are tax exempt, as 1171 showed.
Thanks