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Damages You May Be Awarded Following A Car Crash And How They Are Taxed

Posted by on Feb 1, 2016 in Uncategorized | Comments Off on Damages You May Be Awarded Following A Car Crash And How They Are Taxed

If you were injured in a car accident and have filed a personal injury claim, you may be wondering how much money you will receive for a settlement. The amount you receive varies based on several factors and is generally broken down into four different categories. Learning what these categories are, and how they are taxed, will help give you an idea as to what types of compensation you may be entitled to. Loss of Income Loss of income is a common type of compensation that someone may receive following a car accident. If you are unable to work because of the accident, you will be compensated for the time you missed. This also comes into play if you are only able to work part-time following your injuries. If you are so injured that you are unable to return...

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