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Tag Archives: 1099-MISC

a person researching tax return and paying taxes on a court's discretion of an injury settlement amount regarding what the the IRS considers non economic damages, punitive damages and lost income

Do You Have to Pay Taxes on Personal Injury Settlements in Florida?

By Rosen Injury Law, P.A. | Posted on March 8, 2024

If you’re researching taxes on personal injury settlements, you likely want to know: are these personal injury settlements taxable too? The short answer is that it depends on the type of settlement received. While the IRS generally exempts compensatory damages for personal physical injuries from taxes, other damages, such as punitive damages and interest… Read More »

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