Disability

[d_n_az]

Hello Tax Experts,

I wanted to know that I have been collecting Social Security for being disabled. I wanted to know if I have to report the settlement in a legal case this past year, and if so would that effect my situation because there are bills to be paid?

Thank you

[VincentL]

Your specific circumstances will determine what is or is not deductible. Please visit the following websites for more information:

https://www.irs.gov/pub/irs-pdf/p4345.pdf

https://www.irs.gov/government-entities/tax-implications-of-settlements-and-judgments