Workers Compensation Tax Deductions

Workers compensation insurance premiums are a deductible business expense. Required in most states for businesses with employees to cover workplace injuries.

workers compworkplace safetyemployee insuranceinjury coverage

check_circleWhat You Can Deduct

  • checkWorkers compensation insurance premiums
  • checkReturn-to-work program costs
  • checkWorkplace safety training expenses
  • checkSafety equipment and signage
  • checkErgonomic assessments and improvements
  • checkDrug testing and medical screening costs

lightbulbTips for Keeping Records

  • tips_and_updatesPremiums are based on payroll and industry risk classification
  • tips_and_updatesMaintain a safe workplace to keep experience modification rates low
  • tips_and_updatesDocument all workplace incidents thoroughly for claims management
  • tips_and_updatesSome states allow self-insurance for larger employers

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