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Taxes

Recent Posts in Taxes Category

  • Are Insurance Bad Faith Recoveries Taxable?

    If you recover a settlement for bad faith damages, is your recovery taxable? The answer is that it depends. One of the main deciding factors influencing whether or not a bad faith settlement is considered taxable income is whether the recovery is for physical injuries or sickness. In many cases, compensatory damages for bad faith claims related to injuries or sicknesses are tax-free as long as the ...
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