https://ttlc.intuit.com/community/taxes/discussion/re-tax-able/01/3104308#M1138211 <P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5358399">@pat116</a>&nbsp;Thanks for the Question!!</P> <P>&nbsp;</P> <P><SPAN>The nature of a class action suit determines if the lawsuit settlement can be taxable. Lawsuit settlement proceeds are taxable in situations where the lawsuit is not involved with physical harm, discrimination of any kind, loss of income, or devaluation of an investment.&nbsp;Damages received for non-physical injury such as emotional distress, defamation and humiliation, are generally includable in gross income but are not subject to Federal employment taxes.</SPAN></P> <P><SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/legal-issues/legal-settlements-taxable/L3nHlAmXd_US_en_US?uid=lo657co9" target="_self">Are legal settlements taxable?</A>&nbsp;</SPAN></P> <P><SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-award-taxable-legal-settlement/L9P9Q1S2g_US_en_US?uid=lo6581uc" target="_self">Where do I enter an award from a taxable legal settlement?</A>&nbsp;</SPAN></P> <P>&nbsp;</P> Wed, 25 Oct 2023 19:24:08 GMT SwapnaM 2023-10-25T19:24:08Z https://ttlc.intuit.com/community/taxes/discussion/tax-able/01/3104246#M1138210 <P>is money from a class action taxable</P> Tue, 24 Feb 2026 07:34:45 GMT https://ttlc.intuit.com/community/taxes/discussion/tax-able/01/3104246#M1138210 pat116 2026-02-24T07:34:45Z https://ttlc.intuit.com/community/taxes/discussion/re-tax-able/01/3104308#M1138211 <P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5358399">@pat116</a>&nbsp;Thanks for the Question!!</P> <P>&nbsp;</P> <P><SPAN>The nature of a class action suit determines if the lawsuit settlement can be taxable. Lawsuit settlement proceeds are taxable in situations where the lawsuit is not involved with physical harm, discrimination of any kind, loss of income, or devaluation of an investment.&nbsp;Damages received for non-physical injury such as emotional distress, defamation and humiliation, are generally includable in gross income but are not subject to Federal employment taxes.</SPAN></P> <P><SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/legal-issues/legal-settlements-taxable/L3nHlAmXd_US_en_US?uid=lo657co9" target="_self">Are legal settlements taxable?</A>&nbsp;</SPAN></P> <P><SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-award-taxable-legal-settlement/L9P9Q1S2g_US_en_US?uid=lo6581uc" target="_self">Where do I enter an award from a taxable legal settlement?</A>&nbsp;</SPAN></P> <P>&nbsp;</P> Wed, 25 Oct 2023 19:24:08 GMT https://ttlc.intuit.com/community/taxes/discussion/re-tax-able/01/3104308#M1138211 SwapnaM 2023-10-25T19:24:08Z