Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-24-2010, 09:55 PM
Junior Member
Join Date: Mar 2010
Posts: 1
Workmans Comp

I know we don't have to pay taxes on my husbands workmans comp money that he has received from a work accident.

But do I need to put it on our taxes? When I was using Turbo Tax it asked if we received any Work Comp, and said it would not affect our return, but do I really have to add that to our taxes?

We have 2 children in college and if we have to add his work comp on our taxes I am afraid it will reduce any financial aide that we would get? If we don't pay taxes on it, why should we report it?

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning