Settlement FAQs

is a settlement for a child molestation case taxable

by Carole Goldner Published 2 years ago Updated 2 years ago

Under IRC-104a2, a long-standing tax law, individuals do not need to declare or even put any information regarding a personal injury settlement on their tax returns. Therefore, they do not need to pay federal or state income taxes on their settlement*. The IRS tackled this issue in 2008 to provide clarity to survivors.Sep 2, 2021

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