Q: Do I have to pay federal taxes in a wrongful death settlement,Or state taxes in Ohio?
Here is the IRS's guide on the treatment of lawsuit, settlements and awards:
Generally no, If it's a verdict the estate may on the apportioned wage loss items. Speak with your attorney. Generally, focus on the proof and be happy that your big question is now I have an award do I pay taxes.
Talk to your attorney about this. If you don't have one you really need to consult a member of the Ohio Assn for Justice--they give free consults!
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