Re Compensatory Damages

[imagineering101]

What is the name of your state (only U.S. law)? CA.
Are compensatory damages from a workers comp claim settled tax free?
How long does one have to file a claim for services provided for a settled workers comp case?
Thank you for your replies.

 

[ecmst12]

Compensatory damages are not taxable as they are intended to compensate for actual losses. Payment which is replacement of wages would be taxable.

 

[BOR]

What is the name of your state (only U.S. law)? CA.
Are compensatory damages from a workers comp claim settled tax free?
How long does one have to file a claim for services provided for a settled workers comp case?
Thank you for your replies.

Compensatory damages denotes a lawsuit was filed for restitution, was there?

If it is simply a claim that was settled, that is not really CD.

 

[imagineering101]

Yes-it settled today.
Thank you for your answers.