1150 Grand Boulevard Suite 400 Kansas City, MO 64106
Membership is limited to attorneys who have won million and multi-million dollar verdicts and settlements. Fewer than 1% of U.S. lawyers are members. LIFE MEMBER : James M. Roswold
I was injured in a Kansas City auto accident. If I sue the driver that caused the crash, will my settlement be taxable?
Your Kansas City personal injury attorney’s role doesn’t end when you receive your settlement. He or she will also help you determine what needs to be paid to which creditor or agency. Your Kansas City car accident attorney will also be able to determine if the government has a claim to part of your settlement. You cannot be taxed for reimbursement for your medical bills and property damage, but it is possible that some parts of your Missouri accident settlement may be taxable. For instance, if you receive compensation for lost wages, that money is taxable (just as your original wages would have been had you not been injured in a Missouri car crash).
If you have questions about injury compensation, Missouri accident settlements, or your own accident claim, contact our lawyers at Kansas City Accident Injury Attorneys today at 888-348-2616.