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Birmingham personal injury attorneys at Drake Injury Lawyers

Settlement

Posted by Editor  |  March 26, 2019

Tax Consequences of Alabama Injury Settlement

How much will I be able to keep? Our lawyers are frequently asked about the taxes that must be paid on monies from a personal injury settlement. The general answer is that the IRS and Alabama Department of Revenue do not consider personal injury settlements to be "income".  Rather, the money is deemed to...
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