Demystifying Taxation On Personal Injury Settlements: What You Need To Know
11 months ago
1
Under the Internal Revenue Code, most personal injury settlements are not considered taxable income. This includes compensation for physical injuries or physical illness.
However, there are some exceptions to this rule. Additionally, interest on any settlement is typically considered taxable.
The tax implications of a personal injury settlement can be complex and depend on the specifics of your case, so you should consult with a tax professional or an attorney for advice related to your specific situation.
Reach out to us for a FREE case evaluation: justiceislovely.com
#justiceislovely #thelovelylawfirm #charleston
Loading comments...
-
LIVE
Right Side Broadcasting Network
4 days agoLIVE: Trump Addresses the National Board of the Fraternal Order of Police in Charlotte, NC - 9/6/24
15,147 watching -
LIVE
Nerdrotic
1 hour agoWhy Acolyte FAILED | Rings of Power FLOPS | RIP ASOIAF - Friday Night Tights 318 Critical Drinker
5,187 watching -
1:41:55
The Quartering
4 hours ago🔴The Left Gets Desperate, Fed Ops Take Down Tenet Media, & Owen Shroyer!
48.2K33 -
24:33
Bussin' With The Boys
9 hours agoWill Compton On Dak Prescott, Cowboys Facing Miles Garrett, Cleveland Browns In Week 1
11.3K1 -
37:08
Nitrocross
9 days agoNitrocross 24-25 Season Opener Press Conference | Richmond Raceway
17.7K -
1:59:41
Robert Gouveia
3 hours agoTrump Sentencing POSTPONED! J6 Case RIGGED; E. Jean Oral Arguments
21.7K19 -
29:23
ErmzPlays
9 hours agoAndrew Tate Just Created The GREATEST Economics Video Of All Time
14K3 -
1:43:28
vivafrei
4 hours agoRussian Interference or Deep State Operation? Lauren Chen CANCELLED! Tenet Media SHUTS DOWN!
62.5K65 -
1:09:44
Winston Marshall
3 hours agoWorld Leaders Have LIED To Us All! Bjorn Lomborg EXPLAINS | The Winston Marshall Show #027
36.2K15 -
1:03:25
Miss Understood With Rachel Uchitel
3 days agoRachel Uchitel & Sarah Fraser Live Reality TV News
25.7K1