Is a personal injury settlement or judgment taxable?

January 8, 2026

Admin

Sometimes, a personal injury award or settlement can have tax consequences. This is true if a portion of the award or settlement is to compensate you for past, present, or future loss of earnings.

It is important that the law firm you select be aware of these potential consequences and that you seek the advice of a certified public accountant (CPA) and possibly even a tax attorney to understand how an award or settlement may impact you and your family.