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  2. Contingency fees may be taxable: If your settlement is non-taxable, legal fees won't affect your taxable income. Accident and personal injury cases, like a slip-and-fall or worker's compensation ...

  3. Structured settlement - Wikipedia

    en.wikipedia.org/wiki/Structured_settlement

    A "structured settlement" under the tax code's terms is an "arrangement" that meets the following requirements. Damages on the account of personal physical injury, physical sickness and workers compensation are income tax free due to exclusions provided in IRC section 104. [15]

  4. Workers' compensation (United States) - Wikipedia

    en.wikipedia.org/wiki/Workers'_compensation_...

    Workers' compensation (which formerly was known as workmen's compensation until the name was changed to make it gender neutral) in the United States is a primarily state-based [1] system of workers' compensation.

  5. Personal injury - Wikipedia

    en.wikipedia.org/wiki/Personal_injury

    In the United States, for federal taxes payable to the IRS, the money awarded in a personal injury settlement as compensation for pain and suffering, medical expenses and property damage is not ordinarily taxable. Exceptions may apply, for example, if a plaintiff took a tax deduction in a prior year for medical expenses that are recovered ...

  6. Small Business Insurance: What Coverage Do You Need? - AOL

    www.aol.com/small-business-insurance-coverage...

    Workerscompensation insurance. Workerscompensation insurance covers employees’ medical costs, lost wages, and any necessary benefits in the event of a workplace-related injury, illness ...

  7. Workers' compensation - Wikipedia

    en.wikipedia.org/wiki/Workers'_compensation

    Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of ...

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