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Articles Tagged with personal injury settlements

The Tax Ramifications Associated with Personal Injury

August 15, 2018 | AS Personal Injury Lawyers

Charlotte Personal Injury Attorney Matt Arnold answers the question: “The insurance adjuster is saying I am partially negligent what does that mean?”

Everyone must pay taxes on their income. The United States Tax Code is set up so that every person working in the United States pays a portion of federal income tax. There are many distinctions made within the Code that define what is income and what is not income. Everyone always thinks of tax implications and ramifications for employment income, but what about the income one receives in a personal injury suit? Is that taxed as income? Does only a partial amount of the reward get taxed? President Trump’s tax changes have altered prior tax law regarding the handling of personal injury settlements.

Minors and Personal Injury Settlements

January 31, 2017 | AS Personal Injury Lawyers

Charlotte Personal Injury Attorney Matt Arnold answers the question: “Can I post about my injury on Social Media?”

We talk about personal injury cases all the time and something that often goes unstated is that the vast majority of these cases involve adults. Though it might seem that age wouldn’t matter when it comes to resolving personal injury claims, it can actually make quite a big impact. The reason is that minors receive extra protection that adults don’t get, this protection then requires additional legal hurdles to clear before cases can truly be wrapped up. To learn more about minors and personal injury settlements, keep reading.