https://ttlc.intuit.com/community/taxes/discussion/settlement-from-car-wreck/01/2792925#M1027632 <P>I received a settlement from a car wreck I was in from 2017. I didn’t receive anything for lost wages. Will I need to pay taxes on the settlement?</P> Tue, 10 Mar 2026 06:48:48 GMT Beka1276 2026-03-10T06:48:48Z https://ttlc.intuit.com/community/taxes/discussion/settlement-from-car-wreck/01/2792925#M1027632 <P>I received a settlement from a car wreck I was in from 2017. I didn’t receive anything for lost wages. Will I need to pay taxes on the settlement?</P> Tue, 10 Mar 2026 06:48:48 GMT https://ttlc.intuit.com/community/taxes/discussion/settlement-from-car-wreck/01/2792925#M1027632 Beka1276 2026-03-10T06:48:48Z https://ttlc.intuit.com/community/taxes/discussion/re-settlement-from-car-wreck/01/2793590#M1027633 <P><SPAN>Lawsuit settlements may or may not be taxable.&nbsp; Settlements may be taxable in part.&nbsp; So much depends upon the nature of the injury and how the settlement was constructed.</SPAN></P> <P>&nbsp;</P> <P><SPAN>You may or may not be provided with IRS forms to report taxable income.</SPAN></P> <P>&nbsp;</P> <P><SPAN>This&nbsp;<A href="https://www.irs.gov/pub/irs-pdf/p4345.pdf" target="_blank" rel="nofollow noopener noreferrer">IRS FAQ</A>&nbsp;provides a good overview of this issue.</SPAN></P> Thu, 17 Nov 2022 00:50:08 GMT https://ttlc.intuit.com/community/taxes/discussion/re-settlement-from-car-wreck/01/2793590#M1027633 Loretta P 2022-11-17T00:50:08Z