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Level 1
June 1, 2019
Question

I received a settlement for personal injuries; not lost wages. This non-taxable income used to be reported. Do I need to report it with the new form? if so, how?

  • June 1, 2019
  • 1 reply
  • 13 views

It is non-taxable income, but I believe it used to be reported anyway on the old form.  If there is no need to report it, I won't as I know they are tax-free funds.  I just want to be sure.

1 reply

June 1, 2019

As long as you have not used the medical bills as a deduction in the past, a personal injury settlement is completely nontaxable and does not need to be reported.