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: Massachusetts Personal Injury Blog"I received a personal injury settlement. Is it taxable?"
By ChristopherFEarley
Generally speaking, the answer is no. The reason is that a personal injury settlement is intended to make you whole, or put you in the position you were in prior to the accident. Essentially, IRS does not tax you on the settlement because your personal injury settlement is not considered 'income.'
Full post as published by Massachusetts Personal Injury Blog on September 05, 2009 (boomark / email).
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