Tag - Should You Report Personal Injury Settlements as Taxable Income

The Taxability of Auto Accident Settlements

The Taxability of Auto Accident Settlements

After a car accident in Nevada, you’ll inevitably need some form of compensation for your losses. The extent of those losses, more commonly known as “damages,” is variable—you might only need a few hundred dollars to cover some basic repairs, or you might deserve a vast quantity of money to compensate you for extensive bills, suffering, or even the wrongful death of a loved one. Regardless, you’ll go through the claims process, and more than likely will reach a [...]

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