In Massachusetts, are personal injury settlements taxed? Our Personal Injury Attorneys MA explain:
It can be a stressful and painful event, whether you have sustained injuries from a car crash, medical malpractice, or someone else’s wrongful act. You have to worry about your recovery and how you can pay your medical bills, particularly if your injury causes you to miss work. Your settlement will relieve the pressure of stressing about the medical costs and missed income.
A critical question many people ask is whether your personal injury settlement in Massachusetts is subject to taxation? Our personal injury lawyers ma at the Bellotti Law Firm, P.C have discussed this area of concern below.