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-   -   Tax rate insurance settlement (https://www.askmehelpdesk.com/showthread.php?t=729149)

  • Jan 20, 2013, 10:37 AM
    e321dsb
    Tax rate insurance settlement
    My daughter was killed by a drunk driver. Are there any taxes due on the settlement amount?
  • Jan 20, 2013, 11:42 AM
    JudyKayTee
    It should be very clear in your settlement agreement - in general, no, not if the settlement is for pain/suffering/loss of life.
  • Jan 20, 2013, 04:46 PM
    AK lawyer
    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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