Blog Post

Topics

Civil Rights Violations
Dog Bites
Indiana Legal Malpractice
Indiana Legal Malpractice Case Addresses The Issue of Equitable Subrogation
Indiana State Road 44 Crash
Legal Malpractice
Motor Vehicle Accidents
Personal Injury
Worker's Compensation

Recent Updates

June 21, 2010
Death Resulting from Work Injury

June 14, 2010
Tippecanoe County Jail Inmate Receives Incorrect Medical Treatment

June 11, 2010
Bus Accident Leaves One Dead and Several Injured

May 18, 2010
Indiana Medical Malpractice & Wrongful Death ? Rights to My Loved One?s Patient Medical Records

May 07, 2010
Hamilton County Indiana Jail Death

May 03, 2010
One Worker Dead Following Indiana Construction Accident

April 27, 2010
Car Accident Indianapolis Results in Serious Injuries

April 19, 2010
Trucking Accident Northern Indiana

March 29, 2010
Press Release from NTSA

March 24, 2010
Pallet Falls, Kills Kroger Employee

Archives

May, 2010
March, 2010
October, 2009
February, 2009
January, 2009
December, 2008
November, 2008
October, 2008
September, 2008
June, 2008
May, 2008
March, 2008
January, 2008

Web Resources

FindLaw
Thomson West
U.S. Courts
Westlaw
United States Chamber of Commerce
FirstGov
Library of Congress
White House
Internal Revenue Service
Yahoo!Legal Blog Directory

Taxable Settlement Proceeds

Posted by: Jason Reese
January 07, 2009
Topic: Personal Injury

Clients often wonder if damages recovered from a personal injury case settlement are taxable. While there are some exceptions, the general answer to this question is no - settlement proceeds are not taxable. As long as the proceeds are not specifically categorized, the settlement will not be taxed. For example, if a client is awarded a $100,000 settlement, the client will receive $100,000. However, once the money has been placed in an interest bearing account, the earned interest will be taxed just like any other account.