Youngstown, OH asked in Wrongful Death and Tax Law for Ohio

Q: Do I have to pay federal taxes in a wrongful death settlement,Or state taxes in Ohio?

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2 Lawyer Answers
Brian Lehman
Brian Lehman
Answered

A: Here is the IRS's guide on the treatment of lawsuit, settlements and awards:

https://www.irs.gov/pub/irs-utl/lawsuitesawardssettlements.pdf

Peter N. Munsing
Peter N. Munsing
Answered

A: 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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