Do I Have to Report a Personal Injury Settlement to the IRS?

You must only report the portions of your settlement that are considered taxable, such as interest or punitive damages. Compensation for physical injuries or medical expenses is usually not taxable.

Do I Have to Declare Personal Injury Compensation?

Compensation for physical injuries is generally non-taxable and does not require declaration. However, you must report any part of the settlement that represents taxable income, such as punitive damages or interest.

Blog - Greg Linehan, Personal Injury Attorney, Sarasota, FL

Rebecca Curry

Mar 26, 2026

Worker’s Compensation

Florida Workers’ Compensation Law

A workplace injury can be life-changing: medical bills may pile up, you may miss work and lose income, and you...

Workers’ Comp Adjuster Tricks to Watch Out For (And How to Protect Your Claim)

Rebecca Curry

Mar 17, 2026

Worker’s Compensation

Workers’ Comp Adjuster Tricks to Watch Out For (And How to Protect Your Claim)

A serious workplace injury can turn your world upside down. One minute you’re focused on doing your job. Next, you’re...

Workers' Compensation for Self-Employed & Contractors

Rebecca Curry

Mar 17, 2026

Worker’s Compensation

Workers’ Compensation for Self-Employed & Contractors

Running your own business or working independently in Sarasota offers flexibility and independence. However, those benefits also raise serious questions...