I received a settlement for a car accident in 2015. It first paid my medical bills, then my lawyer fees, then I received the remaining balance. Can I deduct this expense?

Can I deduct the medical expenses and lawyer fees for 2016 since I forgot to in 2015?

posted

No. Medical expenses and legal fees from an automobile accident claim are not deductible, since this type of settlement money is not taxable.

Unlock tailored help options in your account.