In general, a personal injury settlement from a car accident is not taxable. The IRS will not tax your settlement if you received a settlement for personal physical injuries or physical illness and no itemized deduction had been taken for medical expenses related to...
A funeral is among the largest expenses and often occurs at the most unexpected of times. Average estimates of funeral costs range from $9,000 to $15,000; many times, it can be much higher. Unlike with a high-value purchase, such as a car or home, there often isn’t...
Personal injury plaintiffs are often in need of cash quickly. An accident settlement can sometimes take years to be reached. Afterward, many months might pass before you receive the proceeds. If you’ve finally reached a settlement agreement and are waiting to be paid...
The personal injury lawsuit process can be complex and stressful. If you or a loved one have been hurt due to another party’s negligence, carelessness, or reckless conduct, an accident attorney can fight to get you compensated. Filing a lawsuit and reaching a...
Every driver has auto insurance (or most do). Despite having an insurance policy, many people don’t know how to work with their insurance company after an accident. Exchanging contact and insurance information with another driver is common practice. But few people...
Who Pays Medical Bills After an Accident? Jul 10, 2019 After an automobile accident, medical bills can be more than you can afford to pay. Medical treatment may be required to mend broken bones, restore your mobility, and even save your life. Your medical bills may be...
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