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DO I NEED TO PAY TAXES ON A PERSONAL INJURY SETTLEMENT?

DO I NEED TO PAY TAXES ON A PERSONAL INJURY SETTLEMENT?

by Mag Mile Law | Aug 1, 2021 | Blog, Personal Injury

The Internal Revenue Code generally provides that all income, from whatever sourcce derived, is subjet to federal income taxes. But, the Code also defines certain types of income as being excluded from taxes, and provides numerous deductions and credits to reduce the...

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