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Promoted

Marilyn G

Marilyn G asked in Business & Finance Taxes United States · 1 decade ago

Taxes on wrongful death suits?

Husband was killed through co. negelience settlement due what type of taxes st. New Mexico.

1 Answer

Relevance

Bostonian In MO
Lv 7
1 decade ago
Favorite Answer
Settlements due to physical injury or illness are not taxable. However, if any portion was earmarked for lost wages, interest, or punitive damages those portions are fully taxable.
My condolences on your loss.

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