I Received a Personal Injury Settlement. Is It Taxable?

Christopher Earley | | 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.’

Author: Christopher Earley
Christopher Earley

Nearly twenty years ago when I opened my practice I decided to dedicate my career to advancing the rights of injury victims against powerful insurance companies. Personally, I find great satisfaction in helping good and honest people who have been wronged due to no fault of their own. I am really proud to have earned our clients’ hard-earned trust by running a law firm our clients can always count on to do the right thing.