Is settlement money taxable?

Answer Settlement money, such as an insurance settlement, is taxable unless it is received for a physical injury or illness resulting from a wrongful act, according to Therefore, a settl... Read More »

Top Q&A For: Is settlement money taxable

Is a Lawsuit Settlement Taxable?

Some lawsuit settlements are taxable, and some are not. According to the state of Washington, an award that involves a company's normal business operations, such as a copyright royalty settlement, ... Read More »

Are settlement proceeds taxable?

The IRS states that only settlements due to physical or emotional injury are non taxable, for instance if you received a settlement for mesothelioma.States however may tax settlements as ordinary i... Read More »

Is a Personal Injury settlement taxable in ca?

file with your insurance company and they will deal with your neighbors insurance policy.

Are life settlement receipts taxable?

There is no clear cut answer for this question as the IRS to date has not provided definitve guidance. I also must make a disclaimer that I am not providing tax or legal advice, and it is always be... Read More »