Getting ready to file taxes and need to know what to do regarding a full year of lost income due to on-the-job injury. Any advice appreciated!Are there any tax benefits for an injured spouse that couldn't work in 2006?
TAX BENEFITS DUE TO ON THE JOB INJURIES IN 2006. THE TAX BENEFITS ARE DEPENDENT ON THE WORKERS COMPENSATION LAWS IN YOUR STATE. MOST STATES REQUIRE WORKERS TO BE COVERED BY WORKERS COMPENSATION. THIS BENEFIT, IF YOU PAY THE PREMIUM
IS NOT TAXABLE ON YOUR FEDERAL RETURN. CHECK IF YOU SHOULD HAVE BEEN COVERED UNDER THE WORKERS COMPESATION LAWS OF YOUR STATE.Are there any tax benefits for an injured spouse that couldn't work in 2006?
You can claim your spouse on your taxes if they did not work.
No, there is no deductions for ';lost income';. You could however, deduct any medical expenses not reimbursed by the employer or workmen's comp. Also, any disability or workmen's comp benefits that the injured spouse received would not be taxable.
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