A green cashier's type check positioned diagonally, with SETTLEMENT written on the check in all-caps, bold, red letters, posing the question, Are personal injury settlements taxable in PA and NJ?

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…