Generally, the proceeds received from most personal injury claims are not taxable under either federal or state law. Whether you settled the case before or after filing a personal injury lawsuit in court does not matter.
Personal Injury lawsuit
In any Personal Injury lawsuit, you will either have a settlement or a verdict. A payment is an agreement between the parties to “settle” the case and avoid taking the case to court. A judgment is when a judge or a jury is presented with evidence and will decide the case. For example, how much money one party owes the other. But the question is, do you have to pay taxes on your settlement or verdict?
(713) 366-HURT (4878)
A case involving Harris County Courts can be complicated. Proving the legal elements with clear and convincing evidence is a daunting task. If you believe your case involves punitive damages, it is best to talk with a seasoned lawyer who handles cases involving these matters. Houston Injury Lawyers, PLLC, can help you navigate this issue and answer any questions you may have. If you would like to speak to someone about your particular situation or for a free and confidential consultation, call our office at (713) 366-HURT (4878) today or visit us online at www.houinjurylawyers.com. Se Habla español.
Houston Injury Lawyers, PLLC Personal Injury lawyer
The Houston personal injury lawyers at Houston Injury Lawyers, PLLC, understand how devastating an unexpected personal injury can be for any family. Our team has years of experience providing comprehensive and client-focused legal representation in a wide range of personal injury claims, from motor vehicle accidents to injury claims resulting from dangerous and defective consumer products. We have the experience and resources necessary to guide you and your family through the civil court proceedings. Your injury claim will entail and help you approach the situation with great confidence and understanding.
Finding the right Houston personal injury lawyer to represent you is crucial to succeeding with your injury claim in the Houston or Sugar Land areas. The personal injury attorneys at Houston Injury Lawyers, PLLC, are ready to help you explore your legal options for recovery after a personal injury. Contact us to schedule a free case review and find out how our firm can assist in your recovery.
State of Texas
Pursuing a personal injury lawsuit in the state of Texas allows victims to recover their damages and seek compensation for the pain and suffering they have been through following an accident caused by the negligence of others.
We take the time to listen compassionately to our clients and keep them informed throughout each step of the process.