Today TaxMama hears from Teddy in the TaxQuips Forum with this question. “What is the tax rate on a settlement that is classified as emotional distress?”
Tag Archives: Emotional Distress
Today TaxMama hears from Keri in Massachusetts, who tells us. “I just received an offer for a $50,000 settlement for emotional distress due to a sexual harassment lawsuit I have against a company. They want to 1099 me at the end of the year for the settlement. So I need to know before I agree […]