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There are other instances where a personal injury settlement could be subject to taxes. For example, if you deducted the cost of medical expenses from your taxes the previous year, you must include that deducted portion of the proceeds as taxable income. You must also pay taxes on any post-...
There are other instances where a personal injury settlement could be subject to taxes. For example, if you deducted the cost of medical expenses from your taxes the previous year, you must include that deducted portion of the proceeds as taxable income. You must also pay taxes on any post-...
Some portions of your car accident settlement are taxable. Pain and suffering, for instance, may be subject to taxation. However, federal law protects those who seek economic damages for injuries. You won’t be taxed for damages like medical bills and lost wages. Contact a Car Accident Lawyer...
Contact an Attorney: Insurance companies will try to take advantage of the fact that you don’t specialize in personal injury law. They will try to get you to agree to a low-ball settlement that doesn’t fully compensate you for your damages. When you hire an attorney to handle your clai...
settlement that returns in forth in injury cases, so it is necessary to have the persistence to understand when to wait things out and when to have the decisiveness to settle. That all includes knowledge. Legal representatives who are knowledge in regional court systems likewise bring an ...