No. Areas of a settlement such as medical bills, lost wages, and pain and suffering are not taxed.
some times
Payment for damages and suffering refers to financial compensation awarded to a person who has experienced harm, injury, or emotional distress due to someone else's negligence or wrongful actions. This compensation aims to cover both tangible losses, such as medical expenses and lost wages, and intangible losses, such as pain, suffering, and loss of enjoyment of life. It serves to help the victim recover and provide some measure of justice for their experience.
David Ricardo
Settlements that are paid for a physical injury are not taxed. The settlement that you receive for a personal injury claim such as slip and fall cover lost wages, medical appointments, and pain and suffering. These settlements are made so that a person can feel "whole" again.
I was injured in a car accident...I was the passenger....I got 4 broken rib's.....2 week's lost wages.
The amount paid by a wrongdoer to the family of an injured person is typically referred to as "compensation" or "damages." This payment is meant to help cover the costs of medical expenses, lost wages, pain and suffering, and other related expenses caused by the injury.
i donmt know because i am black
I hope
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
Yes. However, the Consumer Credit Protection Act limits the amount. Your wages can be garnished up to a maximum of 50% to cover child and/or spousal support if you are supporting another spouse or child. If you are not supporting another child and/or spouse, up to 60% of your wages can be garnished. Generally, no more than 25 percent of a person's wages is garnished.
In a personal injury case, you can sue for damages such as medical expenses, lost wages, pain and suffering, and other related costs resulting from the injury.