My wife was involved in a terrible accident and she was not able to work, due to the injuries she sustained by a driver that ran a red light. The state we live in, MN, is a "no fault" state, and there are loss wages available via the insurance company, up to a certain limit. My question is, "are those funds taxable?" This is NOT a settlement, but rather a standard benefit that is attributed to No Fault insurance in this state.
