Are Maryland Workers’ Comp Benefits Taxable?
Are workers’ compensation benefits in Maryland taxable? It is that time of year that this question comes up frequently. The answer is NO. Workers’ compensation benefits are paid to injured workers. The checks come without any taxes deducted. Additionally, settlement funds and permanency award lump sums also arrive without any deductions. So does an injured worker in Maryland have to set a portion of their funds back for state and federal taxes? Workers’ compensation awards […]