Legal Question in Personal Injury in Michigan

Is PIP Settlement taxable

I was involed in an accident last year and recieved lost wages and

other danages. Is any part of this settlement taxable by IRS or the state of Michigan?


Asked on 1/07/09, 4:17 pm

1 Answer from Attorneys
Matt Van Steen 248-398-7100 Garmo & Kiste PLC

Re: Is PIP Settlement taxable

Benefits payable for lost wages are reduced by 15& for taxes, unless you can show that you were in a lower tax bracket at the time of the accident.

As always I would suggest you consult a attorney because what you write in a one sentence posting never completely tells the story and that might change the diagnosis. Feel free to contact either myself or my partner, visit us at www.garmokiste.com, as we offer a free consultation, and would be glad to represent you in this matter or any other matter you might have.

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Answered on 1/08/09, 7:36 pm


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