Sunday 28 August 2011
Your Questions About Personal Injury Claim Settlement
Sandra asks…Do you have to claim settlement money from personal injury in PA?admin answers:Awards in lawsuits are not taxable up to the amount that they are compensatory damage; this means compensation for lost wages, medical bills, pain and suffering etc. Only punative damages are taxable, these are damages awarded to punish the other person, for negligence etc. Generally the money you win in a personal injury suit is not taxable.Laura asks…Do you have to pay taxes on Personal Injury
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