Tax Free Settlements

Settle with Confidence
How we CAN HELP

Ensuring Your Settlement Works for You

Settling your workers' compensation claim often brings peace of mind, but it’s important to consider the tax implications. Not all settlements are created equal, and some can have tax consequences that impact your financial future. Our team will guide you through the settlement process, ensuring you get the best possible outcome while minimizing your tax liabilities.

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what we offer

Here’s how we support you:

We help injured workers structure their settlements in a tax-efficient way. Our goal is to maximize your settlement while ensuring that your financial future is protected.
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Negotiating Fair Settlements

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Advising on Tax Implications of Settlements

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Structuring Payments to Minimize Tax Burden

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Providing Full Transparency and Legal Guidance

Are Workers' Comp Settlements Taxable?

While many workers' comp benefits are non-taxable, certain aspects of a settlement can carry tax implications. Here’s what you need to know:

01

Non-Taxable Compensation

Benefits for medical expenses and wage loss are generally non-taxable.

02

Structured Settlements

Lump sum settlements may be subject to different tax treatments.

03

Interest or Additional Compensation

In some cases, portions of your settlement, such as interest, may be taxed.

04

Future Medical Costs

Payments intended for future medical treatments may have tax implications depending on how they are structured.