Lakota Denton - Asheville Personal Injury Attorney

Posts Tagged ‘car accident injuries’

The First Steps to Take After a Car Accident

What to Do and Why After a Car Accident

The stressful nature of collisions makes it difficult for many people to think clearly about the next steps to take after a car accident. However, the unfortunate reality of these situations is that everything you do can complicate your car accident claim later. Here’s what to do in the first moments, hours, and days after a car accident.

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Asheville Car Accident Lawyer

Are Personal Injury Settlements Taxable Income

What Makes Personal Injury Settlements Taxable?


The vague feelings of dread that accompany tax season might be especially intense if you’re wondering if your personal injury settlement is taxable. Federal tax laws specifically address what circumstances make personal injury settlements taxable.

The good news is that you may not have to pay taxes on a personal injury settlement. However, the bad news is that there are a few circumstances where the IRS may be entitled to some of what you receive from the insurance company. The IRS website has more information on personal injury settlements and federal taxes.

 

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