
Are Personal Injury Settlements Taxable Income?
Personal injury settlements are protected at the federal level and are tax exempt. The settlement funds are not classed as a form of income because they are intended as compensation.
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Personal injury settlements are protected at the federal level and are tax exempt. The settlement funds are not classed as a form of income because they are intended as compensation.
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We acknowledge the Australian Aboriginal and Torres Strait Islander peoples as the first inhabitants of the nation and the traditional custodians of the lands where we live, learn and work.