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    e321dsb's Avatar
    e321dsb Posts: 1, Reputation: 1
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    #1

    Jan 20, 2013, 10:37 AM
    Tax rate insurance settlement
    My daughter was killed by a drunk driver. Are there any taxes due on the settlement amount?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jan 20, 2013, 11:42 AM
    It should be very clear in your settlement agreement - in general, no, not if the settlement is for pain/suffering/loss of life.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #3

    Jan 20, 2013, 04:46 PM
    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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