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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- Re: Form SSA1099 Social Security box 5 included Workers' Comp. Offset making it fully taxable, Can I deduct the workers' comp Offset
Form SSA1099 Social Security box 5 included Workers' Comp. Offset making it fully taxable, Can I deduct the workers' comp Offset
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ts128
Level 1
02-22-2023
04:14 PM
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Form SSA1099 Social Security box 5 included Workers' Comp. Offset making it fully taxable, Can I deduct the workers' comp Offset? if so where
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George4Tacks
Level 15
02-22-2023
05:41 PM
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From Pub 525
If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and
may be taxable. See Pub. 554 and Pub. 915, Social Security and Equivalent Railroad Retirement Benefits, for more information.
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