Are Car Accident Settlements Taxable?

A question that I’ve been asked several times just recently is, will I have to pay taxes on my car accident settlement money? The general answer to that is, no. Personal injury cases have a specific exemption through Congress from having to pay income taxes on the recovery.

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What is my Workers’ Comp Case Worth?

In determining what your North Carolina Workers’ Compensation is worth, it will not surprise you, that part of this answer lies in part in a mathematical formula regulated by the NC Industrial Commission, which is the state governmental agency that covers work injuries and takes into consideration your medical expenses and lost wages.

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