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Get your taxes done using TurboTax
@streetwolf wrote:
There were four tiers in the settlement. The first one was a straight $5,000 award which I suppose required the least proof. The second one was also a Tier 1 which was up to $45,000. Tier 2, which I am in, ranges from $45,000 to $75,000. Tier 3 the highest is from $75,000 to $175,000. Being in a particular Tier required me to meet certain requirements as determined by the settlement administrator.
There was no loss in wages as I've been retired before the diagnosis.
As long as the only requirements you had to meet were medical (and because you never took previous tax deductions per your response), the settlement should be non-taxable as I discussed above.
‎August 24, 2021
10:49 AM