I've searched around and I can't seem to find an answer to this question. Last year I received around $500K from a federal disaster declared wildfire settlement that occurred in 2020. As I understand it all relief payments that are received between 2016 and 2026 are considered exempt per tax bill HR 5863 that was passed last year but does that exempt legal settlements? If so, are there any considerations or exceptions? Sorry if this is posted in the wrong place. Thanks
