To address your question about tax implications, I should start by saying I'm not a tax professional, but generally speaking, personal injury settlements are often not considered taxable income in the U.S. However, there are some exceptions to this, such as if your settlement includes compensation for lost wages.
Given that the laws and regulations can be a bit intricate, and seeing that this thread is a year old (meaning tax codes could have changed), I'd highly recommend touching base with an Oakland personal injury lawyer . These lawyers often have experience dealing with the financial aspects of settlements and could give you the most accurate and personalized advice.
