Find Out If Personal Injury Awards & Settlements Are Tax-Free

If Personal Injury Awards & Settlements

With tax season upon us, we’d like to take this opportunity to share with you just how a jury award or settlement from a personal injury suit will be looked at by the taxman.

How the Tax Code Looks at Personal Injury Awards & Settlements

Before legislation was changed in 1996, practically all personal injury settlements and jury awards were ruled to be non-taxable – meaning you didn’t have to pay taxes on what you were given or awarded.

Read more