Do you have to pay taxes on an insurance settlement?

1 Answer

Answer :

When I got a settlement for an accident, I asked several times, and was told I do NOT have to pay taxes on that.

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Last Answer : Additional info: She is in her late 20s or early 30s. She has no serious illness that are known about.

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Description : Auto insurance pay out?

Last Answer : I’m not sure but was wondering the same thing, so I will be following this question. I am in the same predicament except my car wasn’t totally destroyed but the vehicle in fault ripped the back half of my car off and it’s been a month already.

Description : Do I have still have to pay for BlueCross Insurance?

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Description : Why would a health insurance company not want to pay for something that will save them money in the long run, even if they have to pay in the short run (for example weight loss surgery)?

Last Answer : answer:We’re asking why anything insurance companies do makes sense? They’re a company that profits off taking money from people that can’t afford it, and telling those same people they don’t deserve to be treated for their illnesses. They are, indeed, the scum of the universe.

Description : How much should an insurance agency pay commission splits with their licensed agent?

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Description : How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

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Description : How much will I have to pay on insurance if I got a pitbull?

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Description : How much do you pay for car insurance?

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Description : You give a 16yr old a #360,000 auto does it count as capital gain and do the kid have to file taxes?

Last Answer : I doubt that a minor can own a car outright, so the parent would be responsible.

Description : Should I just pay all the bills and be done with it?

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Description : Is it wrong to ask my bf to help me pay for my medical expenses?

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Last Answer : Have you checked with the university to see if they have any health plans, deals, ideas?

Description : How can I pay a German bill?

Last Answer : Pay with your credit card via phone or website.

Description : Should overweight people pay more for health care?

Last Answer : Wouldn’t that be discrimination? I read the article

Description : In fl, if two vehicles are in an accident and both leave, who is required to pay what?

Last Answer : Call your agent. His rationale that he doesn’t need insurance because he “owns” his vehicle is whacked. You have insurance because the state requires you to have it. Do not give him cash. Florida is a “no fault” state.

Description : Should I really have to pay for this?

Last Answer : Just ask them for the name and number of their liability insurance company. Ask your insurance to talk to them. No reason for you to get into any discussion with your employer about it beyond getting ... will pay your deductible in a minute. That's why we all have insurance, even your employer.

Description : How long do you carry full coverage insurance on your vehicle?

Last Answer : I drop Comp and Collision after about 6–8 years or when the value of the car is such that it probably wouldn’t be worth repairing if it was damaged. Liability of course, you keep forever.

Description : Do you have pet insurance?

Last Answer : What company is doing pet insurance?

Description : What's the best way to obtain insurance for a first-time car buyer?

Last Answer : Have her get quotes from AAA, State Farm, and Geico. All will give you free quotes. Has your daughter been on anyone else's (yours) insurance? That insurance will happily give her a rate based on moving ... on my policy so she could give it to the agent, even though she was coming off my policy.

Description : How to sell "security" technologies to banks, insurance companies or FinTechs (tips and tricks)?

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Description : Find old insurance policy information?

Last Answer : Good luck. You might find evidence of this in corporate records, if they still exist. But no insurance company would pay out on the basis of that sort of evidence. If it's flood insurace - that's ... (fire, theft, etc.) is likely long lost, since the policies would have expired 50 years ago.

Description : Can a life insurance company deny payment to someone who has chosen NOT to get the Covid vaccination?

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Description : Is AAA accident insurance a good idea?

Last Answer : Here’s a good source of car insurance reviews .

Description : My iPhone was stolen and my insurance has not yet provided a voucher number. How do I procede with this?

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Description : Does health insurance cover aides coming to your house?

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Description : Do motorized wheelchairs need insurance and do the users need a drivers licence where you live?

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Description : Has anyone applied for the Market Place 2018 (Obama) health care insurance or had it before?

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Description : Can one buy employment insurance privately and not just from the government?

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Description : Where can I get cheap home renters insurance , In Canada, for a short period of time?

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Description : What insurance company covers OEM parts?

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Description : Do I still need life insurance?

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Description : What would be a good quote to go on an insurance company's website?

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Description : Is mortgage protection insurance a scam?

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Description : Do you know anyone who has alien abduction insurance?

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Description : Should I buy home owners insurance for an apartment?

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Description : Why does the government think I don't have insurance when I do?

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Description : Who has no health insurance coverage?

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Description : How did insurance companies decide on the value of human life at $5 million?

Last Answer : Link

Description : How often have you said, "Thank God I have (health) insurance!"?

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Description : Insurance question: Should a mortgagor (bank) be liable for some or all of the deductible?

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Description : If a retailer offers insurance for a product, does it ever make sense to buy it?

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Description : How can seniors save money on auto insurance?

Last Answer : answer:(I thought at first this question was spam.) As it says in the article, if they are driving shorter distances they should report that to their agent and see if that will lower their premiums. Also, ... is more important is if one would have enough money to live on if the other is ill or dies.

Description : Does Home Insurance cover the expense of living after home damage due to Flood?

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Description : Can you please tell me how deadlines and open enrollment have improved health insurance coverage in the United States?

Last Answer : answer:It's been like that for a very long time. It didn't just start happening. If you get hired and you pass the probation period, they will give you the health benefits at that time. If he had been ... I'm not sure about the laws in your state. This is how it's been here since I can remember.