AUTO COLLISIONS – SPIKE IN TRAFFIC DEATHS

Posted by & filed under Auto Collisions.

Until 2015 there had been a steady decline in the number of highway fatalities.  Last year the number of highway fatalities jumped by the largest percentage in over 50 years.  And in the first six months of 2016, traffic deaths rose 10.4%, to 17,775, over the same period in 2015 according to the National Highway… Read more »

Auto Accident Settlement – Do I Have to Pay Taxes?

Posted by & filed under Auto Collisions.

In general, you do not have to pay taxes on any money you obtain for injuries from an automobile collision settlement.  The only exception to this rule is if the only injury sustained in the collision is long term emotional damages.  The IRS considers any settlement for emotional damages, only, to be taxable.  Also, any… Read more »