Supreme Court Majority Finds Lost Wages Award To Be Taxable Income

Mealey's (March 4, 2019, 11:22 AM EST) -- WASHINGTON, D.C. — A jury’s award for lost wages for a railway worker injured on the job is taxable compensation under the Railroad Retirement Tax Act (RRTA), a split U.S. Supreme Court ruled on March 4 (BNSF Railway Company v. Michael D. Loos, No. 17-1042, U.S. Sup.)....