Are EEOICPA Benefits Taxable?
Are EEOICPA Benefits Taxable? You’ve been awarded your EEOICPA benefits, so now what? We are often asked whether EEOICPA benefits are taxable as income. Although our experience is that these benefits are not taxable, we advise all of our clients to check with an accountant regarding the proper treatment of his or her individual circumstances. But […]
5 Things to Consider After Receiving EEOICPA Compensation
Being Awarded Compensation under the EEOICPA There are many factors that should be considered after being awarded EEOICPA compensation. First, claimants should be aware of whether they must claim their award as income on their annual taxes. Second, if a claimant also receives workers’ compensation benefits, it is helpful to know whether receiving EEOICPA compensation […]