Tax on Damages for Loss of Consortium

Published Categorized as Articles, Houston, Tax

Those who receive damages from physical injuries or sickness are not required to pay tax on the damage award or settlement.  That is the general rule.  But what about ancillary claims by others?  What about a lawsuit for physical damage that also includes a claim for the injured parties spouse?  What if the taxpayer-husband was injured and the… Continue reading Tax on Damages for Loss of Consortium

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