回复：pay tax for personal injury compensation?

Court awards and damages. http://www.irs.gov/publications/p525/ar02.html#d0e4472

To determine if settlement amounts you receive by compromise or judgment must be included in your income, you must consider the item that the settlement replaces. Include the following as ordinary income.
Interest on any award.

Compensation for lost wages or lost profits in most cases.

Punitive damages. It does not matter if they relate to a physical injury or physical sickness.

Amounts received in settlement of pension rights (if you did not contribute to the plan).

Damages for:

Patent or copyright infringement,

Breach of contract, or

Interference with business operations.

Back pay and damages for emotional distress received to satisfy a claim under Title VII of the Civil Rights Act of 1964.

Attorney fees and costs (including contingent fees) where the underlying recovery is included in gross income.


Do not include in your income compensatory damages for personal physical injury or physical sickness (whether received in a lump sum or installments).

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• Thanks! -7e- ♂ (0 bytes) () 01/07/2006 postreply 13:48:01

• Did I get it right? -7e- ♂ (226 bytes) () 01/07/2006 postreply 14:48:46