Do you have to pay income tax on workman’s comp Illinois?
Generally speaking, income tax does not apply to workmans’ compensation benefits in Illinois. There are some exceptions, however, depending on the type of payments and how much you paid out of pocket for your injuries. In general, it is best to discuss the matter with your employer, an insurance agent, or a personal injury attorney to learn more about taxable and nontaxable income and whether you are required to report earnings that come in the form of benefits.
For help with your workers’ compensation claim, connect with Chicago’s experience attorneys of Malman Law.