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It depends on waht the award is for. If it is for lost salary/wages for example, which would have been taxable income, it most certainly would be taxable by your getting through suite. (The unreimbursed costs of that suit would become a tax deductible businesss expense).
If the award (or portion) is to compensate you for another type of loss, it will entirely dependent on that type of loss. The taxability of the reward and any reimbursements should be addrresed by your lawyer.
Wiki User
∙ 13y ago
Lawsuit winnings for discrimination cases are typically taxable, with some exceptions. Compensatory damages for physical injury or sickness are generally tax-free, but other types of damages, such as emotional distress or lost wages, are typically taxable. It's recommended to consult with a tax professional for specific advice based on your individual situation.
Wiki User
∙ 16y agoIt depends on what the results are. Usually, because they are compensating you for something you lost, and had supposedly already paid taxes on, there is no tax on the compensation portion. If there are portions of the settlement that are punative, they can be taxed. Consult with your attorney, they should be able to tell you what parts are and are not taxable.
Wiki User
∙ 12y agoyes
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Average settlement for age discrimination?
The average settlement for age discrimination cases can vary widely depending on factors such as the specifics of the case, the damages sought, and the jurisdiction. However, settlements for age discrimination cases can range from tens of thousands to hundreds of thousands of dollars. It's important to consult with a legal professional for a more accurate assessment based on the details of your case.
The Reed decision created a new standard for judging constitutionality in these types of discrimination cases?
The Reed decision established that gender discrimination cases would be subject to heightened scrutiny, which requires the government to prove that the discrimination serves an important governmental interest. This standard ensures that gender-based classifications receive more rigorous review by the courts to safeguard against discriminatory treatment.
Is lawsuit funding available in North Carolina?
Yes, lawsuit funding is available in North Carolina. Third-party funding companies offer financial assistance to plaintiffs involved in ongoing legal cases by providing them with a cash advance against their expected settlement. It can help cover living expenses and legal costs while awaiting the resolution of the lawsuit.
What do you call the person being sued in a lawsuit?
The person being sued in a lawsuit is called the defendant.
In what state court would you file a discrimination lawsuit in Ohio?
It really depends on who you are suing and how much you are asking for in damages. For instance, if you're suing the state of Ohio, then the Ohio Court of Claims would hear the case. If you're suing a different entity than the state, Ohio County Courts hear most civil claims for less than $15,000. If you're asking for more than $15,000 the Ohio Court of Common Pleas would likely hear the case. Because your question is not very detailed, I'm linking you to the Ohio section of a great court reference site. You can find lots of general information about the structure of Ohio courts, as well as specialized information by county.
Is federal income tax refunds taxable?
No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.
Is workers comp income taxable in Texas?
NO not in most cases.
Is money left to you from a trust taxable?
Yes, in most cases it is taxable. The law is different depending on the type of trust and what state you are residing in.
Does a casino hold out any taxes from your winnings or do you fill out a form?
It depends on how large your winnings are. In most cases you are issued a W-2G form showing the amount of your winnings, this is reported to the IRS and you must list it as other income on your taxes. In the case of some very large jackpots ( in the +$500,000 range) a portion of your winnings can be withheld on the spot by an IRS representative.
What type of lawyer would take a case about gender inequality?
Cases regarding gender discrimination and gender inequality are usually handled by civil rights lawyers, like Gloria Allred. They would also handle cases of racial discrimination or lifestyle discrimination.
What legal cases did Barack Obama handle as an attorney?
His expertise was in civil rights law, and he handled cases related to discrimination.
How is money awarded in a workers compensation lawsuit?
How is money awarded or decided in workers compensation cases?
Does Wentworth Finance only deal with settlement cases?
JG Wentworth does not just deal with settlement cases; they also deal in annuities and lottery winnings. If you need cash now, they are an option, but beware that you will be paying for it!
What decision created new standard for judging constitutionality in gender discrimination cases?
gender
At what level of scrutiny do courts review cases involving gender discrimination?
intermediate scrutiny
What type of lawyer handles discrimination cases against major corporation?
Business laywer
Is it legal to record a post foreclosure lis pendens by the foreclosed party. What if there is no pending lawsuit?
Since the purpose of a lis pendens is to alert future purchasers and/or mortgagees of a property about a lawsuit affecting the property, it cannot be filed in cases where there is no lawsuit. A lis pendens recorded with no reference to a pending lawsuit has no legal impact on the property and can be ignored.
