Medical malpractice lawsuit.
Are any of the monies that are awarded from a Medical Malpractice lawsuit taxable ?
Terry Says
A portion may be free of taxes. According to the IRS, payments for medical malpractice are classified as “ personal physical injuries ” settlements or compensatory damages. The portion of your award that compensates you or reimburses you for medical expenses and losses you suffered from the injury or sickness is non-taxable.
Read this for more details: Do You Have to Pay Taxes on a Malpractice Settlement? | JJS Justice
