Posts tagged as:

punitive damages

Senate Votes to Eliminate Tax Deduction for Punitive Damages

21 June 2010

When I was a little girl, rather than completely clean up my room, I used to decorate it. I’d make a tissue flower and put it in the corner or hang a lovely paper chain on the bed. I guess I figured that if I prettied it up a bit, it would distract my parents [...]

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Ask the taxgirl: Medical Settlements

28 March 2009

Taxpayer asks: Hi Taxgirl, I seen you on Good Day Philadelphia today, and I’m glad there is someone out there that really knows what she’s talking about. I recently received a medical settlement the last week of December in 2008. The settlement I received was under 90,000, I don’t know if I have to pay [...]

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