By GioLaw | Published January 28, 2013 | Posted in Blawgs | Tagged Tags: #blawg, #personal injury settlement, #taxes, #taxes on personal injury award | Leave a comment
There are, however, exceptions to this general rule: Any part of your lawsuit compensation attributed to lost wages and/or lost income is taxable. Compensation for punitive damages (non-compensatory damages to punish the tortfeasor) is taxable. Finally, any type of interest stemming from personal injury proceed investments is also taxable. Always check with your attorney regarding Read More
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