23+ Mesothelioma Lawsuit Settlements Taxable
Background. Mesothelioma lawsuit verdicts may result in more compensation for the plaintiff than a trust fund claim or settlement. Most mesothelioma and asbestos cases never go to trial.
You may, however, be expected to pay taxes on damages recovered for. A mesothelioma lawsuit can provide families with compensation to pay for expenses related to a mesothelioma diagnosis or death. Compensation from a mesothelioma settlement may or may not be subject to taxes.
Are mesothelioma lawsuit settlements taxable?
A more recent development in asbestos and mesothelioma litigation. The mesothelioma justice network is one of the leading mesothelioma lawsuit settlements taxable archives mesothelioma net. In general, damages from a physical injury are not considered taxable income. Mesothelioma settlements asbestos settlement amounts.