Blog Posts in February, 2018

How to Calculate a Pain and Suffering Settlement

Whether it is a car accident or a premises liability case, there are two main categories of damages available to the injured individual in any personal injury lawsuit: economic (i.e. “special”) damages and noneconomic (i.e. “general”) damages. Special damages include easily calculable losses deriving from your accident or injury, such as medical expenses, lost wages due to missed time from work, ...

Does Your Personal Injury Settlement Get Taxed?

When it comes to personal injury settlements, one of the most frequently asked questions is, “Do I have to pay tax on this compensation?” Then when tax season comes around the corner, many people ask, “Do I have to declare my personal injury settlement on my tax return?” The short answer to these questions is, “No.” The IRS or the state cannot tax you on personal injury claims, whether or not you ...