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Generally, tax is not wittheld on these payouts...although it may well be taxable...the amount of tax depends on many factors especially your other income, other deductions, exemptions, etc., etc. (No 2 people are really the same). If the amount is taxable at all requires having someone review the exact wording of how and why the payment is made. Your attorney should be able to advise you.

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16y ago

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