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  2. According to Internal Revenue Code Section 61, all payments from any source are considered gross income unless a specific exemption exists. When you win a settlement, it can be difficult to know ...

  3. Personal injury - Wikipedia

    en.wikipedia.org/wiki/Personal_injury

    For automobile accidents in California, a plaintiff must show proof of financial responsibility (California Vehicle Code sections 16000-16078) to claim economical and non-economical damages. [38] Proving the minimum financial responsibility means that a person must be insured by the state's minimum coverage of insurance, which in some cases may ...

  4. What to do if you are injured in a car accident - AOL

    www.aol.com/finance/injured-car-accident...

    How long after a car accident can you claim an injury?How long you can file a claim for an injury after a car accident depends on your state. Reporting requirements for bodily injury range from ...

  5. Diminution in value - Wikipedia

    en.wikipedia.org/wiki/Diminution_in_value

    After car accidents, the right to claim diminution in value depends on the country or state [2] and who is at fault. [3]Major car rental companies do charge their renters for diminished value after accidents, unless the renter pays for a Damage waiver (Avis, [4] Budget, [5] National, [6] Thrifty [7]).

  6. What happens if you get in a car accident and you don’t have ...

    www.aol.com/news/happens-car-accident-don-t...

    A California driver with a clean record pays an average of $2,476, or $205 a month, according to USAToday’s BluePrint. The national average is $2,150 annually, or $179 a month. The national ...

  7. Structured settlement - Wikipedia

    en.wikipedia.org/wiki/Structured_settlement

    The typical structured settlement arises and is structured as follows: An injured party (the claimant) comes to a negotiated settlement of a tort suit with the defendant (or its insurance carrier) pursuant to a settlement agreement that provides as consideration, in exchange for the claimant's securing the dismissal of the lawsuit, an agreement by the defendant (or, more commonly, its insurer ...

  8. Taxation in California - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_California

    There is an additional 1% tax (the California Mental Health Services Act tax) if your taxable income is more than $1,000,000, which results in a top income tax rate of 13.3% in California which is the highest statewide income tax rate in the United States. [42] The standard deduction is $4,601 for 2020. [43]

  9. Settlement (litigation) - Wikipedia

    en.wikipedia.org/wiki/Settlement_(litigation)

    In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases. [ 1 ]

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