Are Personal Injury Settlements Taxable?

By |2020-10-09T17:20:15-04:00December 6th, 2019|Categories: Pre-Settlement Funding|Tags: , , |

If you have been injured in an accident and are looking to collect compensation for your losses, you might wonder whether you will have to pay personal income tax on your settlement. Fortunately, the answer is typically ‘no’ since the personal income tax law exempts compensation for personal or material damages suffered. According to federal [...]