My daughter was killed by a drunk driver. Are there any taxes due on the settlement amount?
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My daughter was killed by a drunk driver. Are there any taxes due on the settlement amount?
It should be very clear in your settlement agreement - in general, no, not if the settlement is for pain/suffering/loss of life.
Did you have an attorney help you negotiate this settlement? If so, why didn't you ask him or her? But no, as JudyKayTee has told you, in general it's not taxable.
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