0
Can medical bills from an accident be claimed on taxes if there was a settlement?
Wiki User
∙ 14y ago
Not if the settlement is medical expenses is more than the actual medical expense were.
If the expense have already been deducted on your income tax return and you receive a settlement after that then you will have some recovery income that will have to be reported as income on your income tax return.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How long do you have to pay medical bills?
in terms of my country, medical bills are paid at the time when one is sick and is accessing medical attention within the institution offering the needed service...but if by law in ones country you are specified as for how long you have to pay medical bills, you have no choice but to obey the law...
Who is responsible for medical bills after divorce is in process?
the one responsible for medical bills, i think its the one who was responsible before the divorce process commenced......
Can the IRS take my tax return for past due medical bills?
No
How do you find out how much you owe in past medical bills?
Ask the biller.
Do you have to pay taxes on a vioxx settlement?
Typically you do not have to pay taxes on personal injury settlments. Adding taxes into the equation of a specific settlement amount would be too difficult. For instnace, if an injured person is given a settlement for medical bills that comes out too little after taxes, it would have to be re-worked. Only smaller things can be taxed after a court case such as punitive fees assigned by the court or accrued interest. The law article below goes into more details regarding taxes and PI settlements.
Who pays the medical bills in an accident on a motorcycle for the passenger?
== == If no other vehicles were involved in this accident, the insurance company of the motorcycle driver has to cover the medical bills of the passenger who was injured.
What is the average settlement for broken neck in auto accident?
Not really sure what the normal is but i recieved 112,500.00 from a c-2 hangman's fracture in a car accident that i was the passenger in. With no long lasting affects. 110,000 in medical bills though
Do car insurance give you the money to medical bills?
If you have medical payments in your insurance. Liability only does not pay medical benefits. And the medical bills have to be the result of an auto accident.
What to do if workman's comp settlement will not cover medical bills and they were paid by medicare?
Nothing the bills were paid by Medicare.
In a car accident settlement offer is the offer usually three times someones medical bills?
No. Sometimes it's a lot more. Think five times as an average because of pain & suffering.
What is the average amount of money received for a car accident settlement?
It is really different from case to case and there is no set value. It depends on the severity of injuries. However, some people have had from 2 to 4 times the amount of their medical bills.
What does medical coverage on auto insurance policy covers?
Medical bills for yourself and anyone else in your car in case of an accident
What does medical coverage on an auto insurance policy cover?
Medical bills for yourself and anyone else in your car in case of an accident
Is your husband responsible for your medical bills if he has left you?
Possibly. If you and he were still together when the medicall bills were incurred, then they are considered joint debt, so it will be part of the property settlement.
If you are a passenger in another persons automobile and you sustain injuries in an accident whose insurance pays for medical bills?
The insurers of the driver who was deemed to be at fault for the accident.
What dose medical coverage on an auto insurance policy cover?
Medical bills for yourself and anyone else in the car in the case of an accident- apex
Is it true that a settlement cannot be done on medical or utility bills?
This is not true. You can offer anyone a settlement on anything at anytime. They can choose to accept or deny the terms, or continue to negotiate.
