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Do I need to deduct taxes from insurance money I r...
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noelleg90
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posted
June 5, 2019
3:53 PM
last updated
June 05, 2019
3:53 PM
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Do I need to deduct taxes from insurance money I received on my car that was totaled in an accident last year? Where and how would I do that?
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LisaA
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June 5, 2019
3:53 PM
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Do I need to deduct taxes from insurance money I received on my car that was totaled in an accident last year? Where and how would I do that?
Insurance payments for car accidents are not taxable. They don't need to be entered on your taxes.
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