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1. What determines the premium for your workers' compensation insurance?
2. Is workers' compensation tax deductible?Workers' compensation is tax deductible for businesses. The IRS, however, does not allow employees to deduct any workers' compensation benefits they receive from their taxes.
3. When should I expect a workers' compensation audit?Usually the workers' compensation audit notices will be mailed 35 days prior to the premium renewal due date. The insurance company's auditor or your insurance agent will reach out to you with further details on what information is needed.