@jsmith225
I am sorry to hear of your auto accident. I sincerely hope you are recovering from your injury.
Typically, any settlement you receive for personal physical injuries or physical sickness is excluded from gross income. An exception to this rule is if you had taken an itemized deduction for the medical expenses related to the injuries from the auto accident.
If you did not itemize and claim the medical expenses, the full amount of the settlement related to your physical injuries is not taxable.
For your convenience, I am including IRS Publication 4345 outlining the specifics of taxability of settlements.
https://www.irs.gov/pub/irs-pdf/p4345.pdf
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