1 Nov, 2021

Does workers’ comp count as income?

Author Todd A. Strong
Category
Table of Contents

    Workers’ compensation payments in Illinois are exempt as “income” as defined by the Internal Revenue Service.  Receipts of weekly workers’ compensation benefits and/or lump sum settlements for workers’ compensation claims are tax exempt.

    About The Author

    author-bio-image
    Personal Injury Lawyer Todd A. Strong Illinois workers’ compensation and personal injury lawyer Todd A. Strong is the founder of Strong Law Offices in Peoria, Illinois. Todd brings considerable legal knowledge, experience, and skill to the table to ensure injured victims throughout the state are treated with respect, dignity, and fairness.
    Years of Experience: More than 20 years
    Illinois Registration Status: Active
    Bar & Court Admissions: Illinois State, 1994
    U.S. District Court, Central District of Illinois, 1994
    U.S. District Court, Northern District of Illinois, 2022
    U.S. District Court, Southern District of Illinois, 2023
    Categories

    About The Author

    author-bio-image
    Personal Injury Lawyer Todd A. Strong Illinois workers’ compensation and personal injury lawyer Todd A. Strong is the founder of Strong Law Offices in Peoria, Illinois. Todd brings considerable legal knowledge, experience, and skill to the table to ensure injured victims throughout the state are treated with respect, dignity, and fairness.
    Years of Experience: More than 20 years
    Illinois Registration Status: Active
    Bar & Court Admissions: Illinois State, 1994
    U.S. District Court, Central District of Illinois, 1994
    U.S. District Court, Northern District of Illinois, 2022
    U.S. District Court, Southern District of Illinois, 2023

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