The 2019 tax season is upon us. For those who have received settlements or jury awards in personal injury claims, tax season can be confusing.
In this issue, the Alaska personal injury lawyers with Barber & Associates will explain how personal injury awards and settlements are treated by the U.S. tax code.
Remember, if you’ve been injured because of someone else’s negligence, you need the skillset and experience of an Alaskan personal injury lawyer who will aggressively fight on your behalf to secure the compensation to which you’re entitled.
Here at Barber & Associates, we’ll examine your case from every angle, and develop a winning strategy to get you the funds you deserve.
For a free consultation, call Barber & Associates at 907-276-5858 or send an email.
The short answer is that “it depends.”
Prior to 1996, virtually all settlements and jury decisions in personal injury cases were non-taxable. However, there are criteria that must be met in order for your settlement or jury award to be tax-free.
When you’ve been injured by someone else, it’s important to have a personal injury lawyer in your corner. Lost wages and medical bills can put you in a bind in a hurry.
By letting us fight on your behalf, we’ll concentrate on getting the money you deserve while you concentrate on recovering. We’ll aggressively fight to secure justice and compensation to cover medical bills, lost wages, and other financial responsibilities.
For a free consultation, call us at 907-276-5858 or send an email.
Barber & Associates, LLC has recovered more than 45 Million Dollars in verdicts and settlements for Injured Alaskans.
Auto accidents can happen to anyone at any time, regardless of how defensive someone may be behind the wheel. If you or someone you love has been harmed in such an incident, you have legal rights and options that need to be explored.