I Received a Personal Injury Settlement. Is It Taxable?

Earley Law Group Injury Lawyers | | General Massachusetts Personal Injury Information

Generally speaking, the answer is no. The reason is that a personal injury settlement is intended to make you whole, or put you in the position you were in prior to the accident. Essentially, IRS does not tax you on the settlement because your personal injury settlement is not considered ‘income.’

Autor: Earley Law Group Injury Lawyers
Earley Law Group Injury Lawyers

At Earley Law Group, we understand how overwhelming things can be after suffering an unexpected injury. You’re facing high medical bills that don’t stop pouring in. You’re feeling financial strain because your injury has forced you to miss work. Worst of all, your day-to-day pain and suffering weigh heavily on your mind every single minute. All because of someone else’s negligence.