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Perhaps you did not phrase the question the way you meant to?
If you received a settlement, I am baffled as to why you would think that money you received is tax-deductible. If you still have some expenses that were not covered by the settlement, you may be able to claim a casualty loss deduction or a medical expense deduction.
If you paid out a settlement, it would only be deductible if it were a business expense.
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∙ 15y ago
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Can I obtain a cash settlement after a car accident?
Yes, you can infact obtain a cash settlement after a car accident. Once a party is found at fault and proper court proceedings have been gone through a cash settlement can be obtained
Do you get settlement from a car accident injury if you have medical coverage?
yes
What is the tax percentage on a settlement from a car accident?
The proceeds of compensation from an award for a vehicle accident are not taxable.
Amount of settlement?
You need a more complete question. Try again. Settlement of what? Divorce? Car accident? what state?
Can you receive a car accident insurance settlement after filing a Chapter 13 bankruptcy if the accident happened after the filing?
Yes
How long after you sign settlement papers can you expect a check for a car accident?
for ever
Should you submit a settlement before discontinuing treatment after a car accident?
Yes u should
How long does liberty mutual take to send the check after car accident settlement?
too long
What are some tips on car accident settlements?
If you are in the unfortunate situation of requiring a car accident settlement, the best option is to seek the advice of a professional. They will steer you through the often complicated process.
How much of a settlement will you receive after having surgery due to a car accident?
There is no automatic number. Contact an attorney.
Where can someone go for assistance with accident settlement?
One can get advice for assistance with accident settlement through attorneys. One can also call their insurance company for assistance with accident settlement.
What amount can I deduct from my taxes for a charitable car donation?
You can deduct about 500 dollars through car donation
