Paul_W1
Employee Tax Expert

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Hi Paul 9233,

 

I am Paul as well.  I am sorry about your injury.  Hopefully you are ok.  Most settlements generally are not taxable.  The possibility might come in if you are awarded other damages.  I am not a legal expert so I cannot even go there.  What you might inquire from the attorneys is if they know you would get any 1099-Misc.  That is the most common types of other damages or awards.  Based upon solely what you have presented, I do not see any taxable event from your post.  Wishing you a very good holiday season.

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