By Brian Alan Prim | Published March 30, 2019 | Posted in Personal Injury | Tagged Tags: nontaxable injury settlements, taxable earned interest, taxes on PI settlements | Comments Off on Will You Have to Pay Taxes on Your Personal Injury Settlement?
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⟩ Will You Have to Pay Taxes on Your Personal Injury Settlement?
One of the questions we often hear from our personal injury clients is whether the settlement they receive will be subject to taxation. Before we provide some information, we should first note that we are not tax advisors. Therefore, we recommend consulting a financial advisor for more information. However, in most cases, we’ve found that Read More
Read MoreCommon Symptoms of Defective Hernia Mesh
Anyone can develop a hernia, and most hernias in the United States get treated with a surgical mesh implant. However, there are some circumstances in which hernia mesh is defective and can actually worsen a person’s medical problems — or cause new issues that require additional surgeries. How can you tell if you have defective Read More
Read MoreWhat You Should Know About ERISA Appeals
If you’ve recently been injured in an accident and cannot work as a result, one option you have is to file for long-term disability benefits under the Employee Retirement Income Security Act of 1974 (ERISA). But what happens if your application for long-term disability gets denied? ERISA is typically purchased by your employer, but the Read More
Read MoreHow Much Is Your Bodily Injury Claim Worth?
If you’ve suffered injuries in a motor vehicle accident, you may wonder how much money you could recover in a possible personal injury claim. There is no overarching answer to this question — every claim is unique, as is each person’s recovery. Your best way of protecting your legal rights is to work with an Read More
Read MoreWhat to Know About Letters of Protection in a Personal Injury Case
A letter of protection is a letter your personal injury attorney sends to a medical professional if you’ve been injured in an accident. You will likely have co-payments or deductibles you need to pay under your health insurance policy, or you may not even have health insurance at all. Using a letter of protection, our Read More
Read MoreHow Medical Expenses Are Handled After a Car Accident
You should seek medical attention immediately after a serious accident. Of course, with medical care comes a series of bills that you will need to cover. There’s a common misconception that an injured person’s bills will be directly paid by the party who caused the accident, or even by an attorney. Although it is true Read More
Read MoreDealing with Diminished Vehicle Value After an Accident
When your car has been in an accident, there will be a perceived loss of value to it — even if the repairs made it “as good as new.” This is referred to as its “diminished value,” a trait that will make its resale value lower for prospective buyers. Simply having been in an accident Read More
Read MoreWhat Happens If Your Vehicle Is a Total Loss After an Accident?
In addition to dealing with a possible personal injury claim after a car accident, you also must consider the property damage your vehicle sustained and how you will receive the compensation you need and deserve. In some cases, you will be able to have your vehicle repaired and have the costs covered through your car Read More
Read MoreHow Do I Pay for Medical Costs After a Personal Injury?
If you have been hurt due to someone else’s negligence or intentional misconduct, you are entitled to various types of damages, including payment of medical bills. However, if you have health insurance, these costs might not come out of your pocket in the first place. In other cases, a victim with a worthy personal injury Read More
Read MoreWhat Am I Entitled To in a Personal Injury Suit?
Most people understand that victims are eligible to receive payment if they have been hurt due to someone else’s negligence or intentional misconduct. However, victims usually are unsure about the specific damages that they are entitled to under West Virginia law. Understanding the details will give you a better idea of what you can expect Read More
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