A few related questions our Colorado attorneys frequently get asked during the course of settlement negotiation and mediation of a workers' compensation case is: Am I going to get taxed on the final settlement amount? Do I have to claim workers' comp benefits as income when filing taxes? Are workers' comp settlements taxable? The short answer to all of these questions is no. As Continue Reading
Worker Injured in Rescue Attempt Battling for Workers’ Comp Benefits
Franklin Pound—an employee of Pipeline Systems, Inc.—was busy working on a new pipe installation at the Sewickley Borough’s sewage treatment plant in July 2010 when tragedy struck. One of his coworkers fell into a concrete pit. Pound and others rushed to help. Pound climbed down into the pit along with the plant manager and an inspector. They attempted to rescue the fallen coworker, but Continue Reading
Following the Minimum Wage Trends into 2016
Across the nation, many states and cities have seen increases in wages within the last two months. The recent “living wage” debates and protests have brought attention to the daily struggles of workers who make the hourly minimum wage. Across the U.S., officials have responded and made steps toward increasing the minimum wage to a more suitable pay for workers to live and thrive on. Two of the Continue Reading
Can The IRS Tax My Personal Injury Claim?
Scenario: You’ve been injured in an accident, you’ve gone to court and have been awarded a settlement. The question that arises, however, is whether you are entitled to all of this money or will you have to pay taxes on it? Additionally, if they are taxable, what situations make them taxable? For the most part, according to the IRS, personal injury settlement money is not taxable if the money Continue Reading
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Related Articles from our Knowledge Center
Workers Compensation
When You're Injured
- How to File a Work Injury Claim
- Reporting a Work-Related Injury or Condition
- Workers' Compensation Overview
Obtaining Treatment & Benefits
- Workers’ Compensation for Law Enforcement Officers
- Reasons Why Temporary Disability Benefits Can Be Terminated in Your Workers’ Compensation Case
- Workers' Compensation Case Timeline