When someone is injured in an accident, a personal injury attorney can file a claim for damages on behalf of the victim or the victim’s family. In around 95% of cases, a personal injury lawsuit never goes to court but instead is settled for an agreed-upon amount even before a lawsuit is filed. This is…
How Are Personal Injury Settlements Taxable in PA and NJ? Tax season is here, and you might be wondering, Are personal injury settlements taxable in PA and NJ? The answer is yes and no. Money that is received in a court settlement is usually considered income and is therefore taxable. However, personal injury settlements are…