Are personal injury settlements taxable? Attorney explains.

2011-07-08 39

http://www.pa-nj-injurylawyer.com/ Pennsylvania personal injury lawyer, Michael L. Saile Jr., explains that in most Pennsylvania accident cases, you do not have to pay income taxes on a settlement. Compensation for your personal injuries is generally not taxable. There are some instances where income taxes may be due on a personal injury settlement such as the case if you received compensation for lost wages or other loss of income. There are also other types of Pennsylvania cases other than auto accident cases where income tax may be due. For more information as to whether or not your PA injury case may be taxable, contact the Pennsylvania personal injury lawyers at http://www.pa-nj-injurylawyer.com or http://www.sailelaw.com.

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