Legal Question in Credit and Debt Law in Alabama
Will I have to pay income tax on my settlement from the vioxx settlement?
Asked on 3/06/10, 10:02 am
1 Answer from Attorneys
James Coleman
Murchison & Howard, LLC
Money paid to you for damages are not taxable income. Money paid to you in order to punish the person who hurt you may be taxable.
Answered on 3/14/10, 10:11 am
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