Do I have to pay taxes on work comp benefits in Colorado?

from Front Range Injury Attorneys podcast · host Adam Kielich

After a workplace injury, you may receive workers' compensation benefits to pay for medical care and to make up lost wages. Although Colorado workers' comp can sometimes seem like a straightforward process, it can include several complex legal issues. At tax time, you may have new questions about your work comp benefits or settlement. Finding out if you owe taxes on workers' comp is an important task as a beneficiary. If you owe taxes but fail to pay them, the Internal Revenue Service (IRS) may come knocking for an audit, unpaid tax penalty and other tax-related problems. Our Denver workers' compensation lawyer can help you understand if your settlement or verdict may be taxable. Read the accompanying blog post at: https://frontrangefirm.com/do-i-have-to-pay-taxes-on-workers-comp-in-colorado/ Front Range Injury Attorneys 2590 Welton Street, Suite 200 Denver, Colorado 80205 720.826.4399