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I was in an auto accident and received PIP insurance wage reimbursement is this taxable
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I was in an auto accident and received PIP insurance wage reimbursement is this taxable
Yes. Since wages are normally taxable, the compensation for lost wages is also taxable.
For more information, refer to IRS Publication 525, Taxable and Nontaxable Income and Publication 4345, Settlements and Taxability
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