Are wrongful death lawsuit settlements taxable?

No, wrongful death settlements are non-taxable. They are unlike most civil suits which are taxed by the IRS. Personal injury settlements, on the other hand, are held to a different standard than any other civil suits. Because the injury occurred as a result of an accident, and a majority of the money usually goes toward medical bills, the IRS cannot tax the settlement money. Therefore, personal injury resulting in death is non-taxable by the IRS.

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Zendeh Del Law Firm, PLLC serves clients in state and federal courts throughout Texas, including Plano, Dallas, Fort Worth, Allen, Frisco, Prosper and McKinney. Zendeh Del Law Firm, PLLC provides strategic, effective resolutions to complex problems. Call us today at 888-4-ZEN-LAW or contact us via email.