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Won $60,000.00 for Medical Bills and accident

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J

jason0622

Junior Member
What is the name of your state?Texas, I won $60,000.00 in a lawsuit for my medical bills due to an accident.Will I have to claim this on my Taxes?
 


A

abezon

Senior Member
Taxable:
lost wages, interest on an award, nonphysical injuries, punitive damages

Not Taxable:
physical injury awards, property damages, pain & suffering from physical injury
 
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