Are Personal Injury Settlements Taxable?
You can initiate a civil lawsuit to collect compensation for your losses if you have been hurt due to someone else’s negligence or intentional wrongdoing. You may be compensated for monetary damages if you win your lawsuit or reach an out-of-court settlement. When you receive compensation, you may ask if your settlement is taxable. After all, you typically receive a big sum from an injury … Continue reading Are Personal Injury Settlements Taxable?