Is compensation taxable?
There are many different kinds of compensation, some of which are taxable and some of which are not. Generally speaking, compensation for medical expenses, loss of life, and emotional turmoil are not considered taxable. However, compensation for lost wages usually is deemed taxable.
Regardless of the type of compensation, our Madison car accident attorneys from Habush Habush & Rottier S.C. will fight to help you receive the payment you may deserve and need after your accident if you qualify to file a personal injury claim. For further information about personal injury compensation, speak with one of our knowledgeable team members by calling 800-242-2874 today.