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Blogsfotex2022-02-10T15:53:50-08:00

Is a Personal Injury Settlement Taxable?

The day you accept the settlement from the insurance company or defense attorney is a huge relief; your case is resolved! But you may be wondering, is a personal injury settlement taxable? In some cases, the Internal Revenue Service (IRS) is entitled to part of your settlement. In this article, we'll look at some of the scenarios where a personal injury settlement is taxable.

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