Do I Pay Taxes On My Workers’ Compensation Benefits? No, workers’ compensation benefits are not taxed. Likewise, any related workers’ compensation settlement is not taxed. Related Do You Know Who You Work For? June 15th, 2022 In "Workers’ Compensation" Workers’ Comp Can Give You A Headache! April 21st, 2022 In "North Carolina Law Firm" Need an attorney, but feel like you don’t have the money for one? Don’t worry… we’re contingency fee based! January 20th, 2022 In "Car Accident"