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Is My Legal Medical Malpractice Settlement Taxable?

Nobody should ever have to go through being injured due to the careless or negligent actions of a medical professional. However, if you are going through a medical malpractice lawsuit, there are various factors that need to be taken into consideration. If you are expecting a settlement, you may wonder if any damages awarded are taxable. Contact a Pittsburgh medical malpractice attorney Jonathan M Stewart at SMA Law Group.<br>

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Is My Legal Medical Malpractice Settlement Taxable?

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  1. Is My Legal Medical Malpractice Settlement Taxable?

  2. Nobody should ever have to go through being injured due to the careless or negligent actions of a medical professional. However, if you are going through a medical malpractice lawsuit, there are various factors that need to be taken into consideration. If you are expecting a settlement, you may wonder if any damages awarded are taxable.

  3. WILL YOUR MEDICAL MALPRACTICE SETTLEMENT AWARDS BE TAXED? When you are going through injuries due to a medical mistake, the last thing you want to have to worry about is taxes. However, taxes are a part of most areas of our lives. When it comes to medical malpractice settlements, the Internal Revenue Service (IRS) classifies these as “personal physical injuries” or “physical sickness” settlements. The exception to this, according to the IRS website, is if you claimed deductions for medical expenses pertaining to the injuries involved in your medical malpractice case. If you have done this, a portion of your settlement or verdict may be taxable.

  4. LET US HELP YOU GET THROUGH THIS CASE If you or somebody you care about has been injured due to the careless or negligent actions of a medical professional, you may be entitled to significant compensation. Contact a Pittsburgh medical malpractice lawyer Jonathan M Stewart at SMA Law Group.

  5. THANKS Do you have any questions? Address - Frick Building 437 Grant St, #600 Pittsburgh, PA 15219 Phone - 412-765-3345 Web - https://www.smalawgroup.com/contact/

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