Submitted by Clem_Doore t3_z33742 in news
oss1215 t1_ixldjbb wrote
Okay not american here so i wanted to ask. Do people who get these settelments have the IRS come after their settlement ? Cause idk feels like it would be a dick move from the IRS to do in that situation
johndoe30x1 t1_ixn8lof wrote
Settlements and damages awarded by courts (excluding punitive damages) and generally tax-exempt in the U.S.
Ryrienatwo t1_ixnahyu wrote
It’s non taxable it would be wrongful death suit according to a tax lawyer it’s non taxable. https://bencrump.com/faqs/are-wrongful-death-lawsuit-settelements-taxable/
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