Question: Can Uncle Sam take taxes from your settlement?
Answer: There are no taxes on a personal injury settlement or judgment--Uncle Sam and the State of New York can’t touch your settlement money.
There are special federal laws that exempt your personal injury settlement from taxes. Keep in mind, once you invest your settlement money, you will be taxed on the earnings or appreciation in your investment.
Do you have questions? You can get our free ebook, The Seven Deadly Mistakes of Malpractice Victims, just by providing your name and email address at the home page of www.protectingpatientrights.com. We promise your information won’t be shared with third persons. And if you’d like to speak with me about your case, I welcome your phone call at 1-866-889-6882. I look forward to speaking with you.