Generally, workers’ compensation benefits are not considered income, and therefore are not subject to taxes. Workers’ compensation benefits do have to be reported on a 1040, but are subtracted from an injured worker’s total income. If an injured worker is receiving other types of disability or retirement benefits, they may face other tax or financial consequences.
Understanding how long employees have to file a workers’ comp claim in Illinois can help prevent injured workers from losing their right to compensation. There are two deadlines for filing workers’ compensation claims. One regards the reporting of the injury, while the other is the deadline for filing work-related injury claims. Illinois gives injured workers
Knowing what not to do while on workers’ comp helps prevent injured workers from losing their right to benefits. Failing to timely notify his or her employer of the workplace injury or to attend all required workers’ comp hearings can have a detrimental impact on the worker’s receipt of or claim for benefits. Opaque or
Victims of Uber collisions are thrown into a confusing labyrinth when trying to obtain compensation for their injuries. Retaining legal counsel can reduce the stress of this process and can help victims obtain compensation. Rideshare apps provide consumers with a low-cost, convenient method of transportation. The downside is that drivers are subject to minimal oversight. Investigating a Rideshare Collision
Truck accidents are often catastrophic and completely disorienting for victims. They may not know what to do after a truck accident to maximize their medical recovery and seek damages from the negligent drivers. Chicago truck accident lawyers can help victims determine their next steps and recover damages. Victims Need to Know What to Do After
An experienced trip and fall lawyer can help plaintiffs understand how to prove negligence in a trip and fall case. Proving negligence in a trip and fall requires that the plaintiff first show that the defendant owed the plaintiff a duty of care. Typically, the duty of care is to act as a reasonably prudent
After you complete your claim, you may be wondering, “how are personal injury settlements taxed?” Many personal injury cases are resolved via negotiated settlement agreements instead of being litigated in court. The main idea behind the tort system is that victims are made whole for the losses they suffered due to their injuries. Depending on the
Intro music begins Howard Ankin: Welcome to another edition of Chicagoan’s You Should Know. I’m here with David Kaplan who’s with NBC Sports Chicago, author and all-around great guy to find out a little bit about what he does and what his life experiences. David, thanks for being with us. David Kaplan: Thanks for having me.
Intro music begins Matthew Hoffman: So I came to Chicago in 2002 for my first job and I worked at a publications firm for 11 years. My name is Matthew Hoffman and I’m an artist in Chicago, Illinois. They made a humongous gamut of things and we had books, stationary products, photo, you know, products
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