Tag: personal injury

How are fault and liability determined in car accidents?

When it comes to car accidents, sometimes the real damage doesn’t occur until long after the crash itself. Depending on the circumstances of the incident and how much you are determined to be “at fault” for the accident, you may be on the hook for a substantial amount of money. And even if your insurance covers the damages and/or injuries involved, your rates are going to climb according to exactly how much you were to blame.

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Disability Awards & Payments, Taxable or Not?

It is that time of year again, the beloved tax season. The time of year when people scramble to find all tax records and documents to file before the April 15th deadline. Filing taxes usually raises questions about what qualifies as taxable income. Does a settlement from a personal injury claim qualify as taxable income? How about payments from the Department of Labor and Industries? These are significant questions as most of us begin to receive tax documents like W-2s, 1098s and 1099s. The good news is that payments to compensate for bodily injury are generally not taxable forms of income.

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