In general, workers' compensation settlements in Florida are not taxable. This means that you do not have to pay federal or state income taxes on the money you receive from a workers' compensation settlement. However, there are some exceptions to this rule. For example, if you receive a workers' compensation settlement for lost wages, the payments may be taxable if they are more than $10,000 per year. Additionally, if you receive a workers' compensation settlement for medical expenses, the payments may be taxable if they are not used to pay for medical expenses.
If you have any questions about whether your workers' compensation settlement is taxable, you should speak to a tax advisor.