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I was injured in an auto accident and was offered a cash settlement, do I pay taxes on that?

How much is reasonable to expect for injuries to the wrist and hip with doc bills over $11,000?

DO NOT sign ANYTHING until you talk to an attorney! The settlement MUST be structured to deal with any future issues and you may have losses you don't even know about.


Beans speaks the truth. The insurance company could care less about you. They are not looking out for your interests. They are only looking out for their interests. Get an attorney because the insurance is trying to rip you off.


Settlement money is not taxable, but as said before, it would be foolish to do anything without proper legal advice.

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