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Personal injury cases in California can range in severity depending on the nature of the accident that took place. Certain cases, such as car accidents or workplace injuries, can result in a substantial settlement for the victim to ensure that they can receive the necessary medical care and attention for the physical damage that they suffered. However, one of the most common questions that victims often ask is whether or not they are required to pay taxes on the income that they received from their settlement. 

The state of California has a specific set of rules that govern personal injury settlements and how taxes are applied. If you are in the process of researching the different aspects of settlements and the way that taxes affect them, one of the best decisions you can make is to work with an experienced personal injury lawyer who can provide answers to your questions. Remaining informed on the tax-specific areas of your personal injury settlement can help you avoid any unwanted financial surprises. 

What is a Personal Injury Settlement?

There are many different varieties of personal injury cases, and the details of each accident are important in how the settlement value of these cases is determined. For a majority of personal injury cases in California, a settlement is reached between the defendant and the plaintiff and the case never reaches a jury decision. 

Insurance adjusters on both sides of the case will work with legal representatives for the plaintiff and the defendant to reach a decision on what they believe the settlement award should be. Both sides determine their own specifications for what they believe to be a fair and adequate amount that appropriately reflects the details of the incident that led to the case. After this time, an agreement is reached and both parties must sign a document called a settlement agreement.   

What Factors Affect Settlement Value in California Personal Injury Cases?

Much like any other legal case, there are certain factors that need to be examined to determine an appropriate settlement value for a personal injury case in California. Various aspects of the injuries that the victim suffered, as well other damages, are considered before a settlement value is calculated. Some factors that can affect the amount awarded to the victim include:

  • Plaintiff’s Losses: The extent of the injuries that the victim suffered, as well as factors such as medical expenses or pain and suffering. Certain cases may involve punitive damages being paid as a punishment for negligent behavior by the defendant. 
  • Defendant’s Assets: The amount of income, or lack thereof, that the defendant makes can affect how much is awarded to the plaintiff. In some cases, the court can choose to garnish their wages or sell their assets to pay.
  • Defendant’s Liability: The liability placed on the defendant based on the evidence provided by the plaintiff and their legal representative. Providing indisputable proof of the defendant’s liability is an important element in obtaining a settlement.

If you are unsure of whether your personal injury case will be affected by any of these factors, a qualified California lawyer can help you navigate the complexities of settlement guidelines and how they may affect your recent personal injury case. 

California State Tax and Personal Injury Settlements

Luckily for plaintiffs in California personal injury cases, the majority of settlements are tax-free. However, according to the IRS, there are several different circumstances in which you may be required to file taxes for different types of settlements, including:

  • Medical expenses: You may be required to pay taxes if you paid for any medical costs for more than one year, or if you added an itemized medical deduction to your taxes, you may be required to pay “pro-rata” taxes on the medical expenses listed as deductions. 
    • Your medical settlement is tax-free if you did not previously take an itemized deduction for associated medical costs.
  • Non-economic damages: Any damages received for a reason not related to a physical injury or physical sickness may be subject to state tax.
  • Lost wages: Any awards for lost wages require you to pay tax since you would have needed to pay Medicare and Social Security taxes on them if you were capable of working.
  • Property damages: You are required to adjust the basis in your property according to the amount received in your settlement if your property was damaged during the accident and, if the settlement is more than the adjusted basis of the property, you will be required to pay taxes on the excess.
  • Punitive damages and interest: You are required to pay taxes on settlements that are received for punitive damages. These are taxed as “Other Income,” and it includes any interest that has accrued on those damages.

While the process of understanding California state tax in association with your personal injury settlement may be complex, it is important to know whether or not you will be asked to pay any additional fees when tax season begins. If you are still unsure of whether you will be asked to pay any additional taxes on your California personal injury settlement, the trusted lawyers at Younglove Law Group can help you find answers to all of your questions.

Dedicated Personal Injury Lawyers in California

Although facing the aftermath of a personal injury case can be challenging, it is important to find a reliable legal professional who can provide you with the legal counsel you need to ensure that you can move on after your settlement. The qualified California lawyers at Younglove Law Group are experienced in various personal injury cases, and they can help you find answers to all of your relevant legal inquiries.

When you need help after a personal injury case, call the team at Younglove Law Group at (949) 691-3660 or reach out to us online to set up a consultation with one of our dedicated personal injury lawyers in California.

May 12, 2021 – Sacramento, California: A motorcyclist was unfortunately severely injured in a Sacramento motorcycle crash with a semi-truck on Wednesday around 9:13 am. The Sacramento motorcycle crash occurred on Highway 51 near Howe Avenue, per the California Highway Patrol.

The motorcyclist was transported to the hospital for emergency medical treatment.

The cause of the accident remains under investigation.

Being involved in a motorcycle accident is a traumatic experience. Younglove Law Group extends our condolences to those involved in this accident as well as their families. Unlike car accidents, motorcycle accidents almost always involve severe injuries because there is often little to no protection for the rider once they are impacted by another vehicle. Because of this, it is vital that any injured motorcyclist retains a diligent and experienced motorcycle accident attorney to advocate for them.

If you or a loved one were involved in this accident, or one similar to it, we know what it takes to help win your case. We understand each case is different and deserves full individual attention. We have seen the impact being involved in a severe accident can have on a person’s life. The road to recovery and obtaining compensation for your damages is long and complex. Our Newport Beach motorcycle accident attorneys are here to help.

Call Younglove Law Group at (844) 810-1800 for a free and confidential consultation. Our team is available 24 hours a day, 7 days a week. We are also available by online chat and text message.

For more information about this accident, please click here for help requesting the police report. Our team of attorneys is here to help you during this trying time.

If a family member would like this article removed for any reason, please click here, complete the form, and the article will be removed.

In the early morning of May 10, 2021 a large tree fell across the US-101 near Redcrest. The tree blocked traffic in both directions and caused several traffic accidents in a short span of time.

A white 2011 Kenworth semi-truck pulling a trailer was traveling southbound on the US-101 in the rightmost lane when it collided into the fallen tree, causing it to cross into northbound traffic, and careen off the other side of the road where it eventually stopped after going down an embankment. The semi-truck’s driver was tragically pronounced dead at the scene.

Fresno’s Marc Alexander Reichle was driving a red 2020 Jeep Cherokee northbound on the US-101 when he likewise collided into the tree, eventually coming to a stop in the northbound traffic lanes. Fortunately, he was ininjured.

Shortly thereafter, Ruben Anthony Sepulveda of Redway, who was driving a white 2017 Toyota Tundra on the southbound US-101, also collided into the fallen tree, eventually coming to a stop in the southbound lanes of traffic. Just after coming to a stop, a 2018 Ford F-150 driven by Mark Allen Taylor of Fortuna collided into the tree and then the Toyota Tundra before rolling onto its side.

Ruben Anthony Sepulveda was transported to St. Joseph Hospital in Eureka with severe injuries. Mark Allen Taylor reportedly suffered minor injuries, but the investigation is still underway.

The US-101 was temporarily closed to traffic. The CHP Garberville Area is investigating this traffic collision. Why the tree fell across the US-101 remains under investigation.

Losing a loved one in an auto accident is invariably a traumatic experience for those left behind. We at Younglove Law Group extend our deepest condolences to the family of the truck driver who unfortunately died in this incident, as well as to all of the other injured parties involved in this incident and their families.

If you or a loved one were involved in this accident, or in one similar to it, we know what it takes to help win your case. We understand each case is different and deserves full individual attention. We have seen the impact being involved in a severe accident can have on a person’s life. The road to recovery and obtaining compensation for your damages is long and complex. Our Newport Beach car accident attorneys and Newport Beach wrongful death attorneys are here to help.

Call Younglove Law Group at (844) 810-1800 for a free and confidential consultation. Our team is available 24 hours a day, 7 days a week. We are also available by online chat and text message.

For more information about this accident, please click here for help requesting a police report. Our team of attorneys is here to help you during this trying time.

Source: https://kymkemp.com/2021/05/10/ferndale-man-dies-in-fatal-crash-early-this-morning-redway-man-with-major-injuries/

May 8, 2021 – Victorville, California: a 26-year-old Victorville man, Leonardo Enciso, was arrested after a crash with another vehicle that resulted from a high-speed chase.

A Victorville Police deputy observed the driver of a 2009 Infinity doing donuts in the Jocko’s Pub and Grill parking lot. Later identified as Leonardo Enciso, the driver failed to yield, which resulted in the pursuit down westbound Bear Valley Road. The driver was traveling at speeds of more than 90 miles per hour.

As the driver attempted to turn onto Highway 395 from Bear Valley Road, he collided into another car then exited his vehicle and began to flee on foot from deputies. The driver was quickly apprehended thereafter and taken into police custody. Leonardo Enciso was arrested after the crash for evading a Peace Officer with disregard for safety and is scheduled to appear in Victorville Superior Court on May 11, 2021.

It is unclear from initial reports whether the occupant of the vehicle Leonardo Enciso crashed into was injured in this accident.

Younglove Law Group extends their condolences to those involved in this accident and their families.

If you or a loved one were involved in the accident referenced in this article or in a similar accident, we understand the impact being involved in a severe accident can have on your life. The road to recovery and obtaining compensation for your damages is long and complex. Our Newport Beach car accident attorneys are here to help.

Call Younglove Law Group at (844) 810-1800 for a free and confidential consultation. Our team is available 24 hours a day, 7 days a week. We are also available by online chat and text message.

For more information about your accident, please click here for help requesting a police report. Our team of attorneys is here to help you during this trying time.

Source: https://www.vvng.com/victorville-man-arrested-after-high-speed-pursuit-that-ended-in-a-crash/

May 11, 2021: Topeka, California: On Sunday night, a young child suffered life-threatening injuries in a Topeka accident. The child was hospitalized after she suffered life-threatening injuries in a head-on accident on Sunday night, just after 6:45 pm. Police responded to the scene of the accident near the 3000 block of SE California where a a silver passenger car that was traveling on northbound SE California had collided head-on into a gray SUV that was traveling on southbound SE California.

Known occupants of the silver passenger car include one adult and the young child who was hospitalized with life-threatening injuries, according to Topeka Police. The adult also suffered injuries, though their extent remains unknown.

Four occupants of the SUV were likewise taken to the hospital for emergency medical treatment. While their injuries are not believed to be life-threatening, the extent of their injuries also remains unknown.

Younglove Law Group’s car accident lawyers extend their deepest condolences to those involved in this terrible accident and their families. Our thoughts and prayers are with you during this trying time.

If you or a loved one were involved in this accident or one similar to it, we understand the impact being involved in a severe accident can have on your life. The road to recovery and obtaining compensation for your damages is long and complex. Contact Younglove Law Group to speak with dedicated Newport Beach car accident lawyers to obtain the justice, results, and attention you deserve.

Call Younglove Law Group at (844) 810-1800 for a free and confidential consultation. Our team is available 24 hours a day, 7 days a week. We are also available by online chat and text message.

For more information about your accident, please click here for help requesting a police report. Our team of attorneys is here to help you during this trying time.

Source: https://www.wibw.com/2021/05/10/tpd-investigating-two-vehicle-wreck-in-se-topeka-on-sunday-evening/

May 10, 2021 – Apple Valley, California: The Apple Valley Fire Department responded to the scene of a major auto accident on State Highway 18 near Sierra Pelona Drive on Saturday night around 8:30 pm. As a result of the head-on collision, 4 people were killed and 1 was airlifted due to critical injuries.

A white 1994 Chevrolet Suburban and a 2021 Toyota Tundra were located at the scene, both with major property damage.

The critically injured person was airlifted to Arrowhead Regional Medical Center with life-threatening injuries.

Tragically, four people were pronounced dead at the scene, three from the Suburban and one from the Tundra.

Younglove Law Group extends its deepest condolences to those involved in this terrible accident and their families. Our thoughts and prayers are with you during this trying time.

If you or a loved one were involved in this accident, we understand the impact being involved in a severe accident can have on one’s life. For those lucky enough to survive, the road to recovery and obtaining compensation for your damages is long and complex. For those who were not so fortunate, losing a loved one is an incalculable loss. While there is nothing that can be done to undo the past, Younglove Law Group can connect you with a dedicated Newport Beach wrongful death lawyer to help get you the justice, results, and attention you deserve. Call Younglove Law Group at (844) 810-1800 for a free and confidential consultation.

Click here for help requesting a police report. An experienced wrongful death lawyer may be able to help you obtain a copy of the police report.

Source: https://www.vvng.com/4-killed-1-airlifted-in-apple-valley-crash-saturday-night/

May 10, 2021 – Sylmar, California: A crash left one person dead, 2 injured on West Foothill Boulevard near the 210 and 5 freeways in Sylmar on Sunday night around 9:30 pm.

When firefighters responded, they freed 2 people who were trapped inside a vehicle. Their condition remains unknown.

Another person was pronounced dead at the scene.

If you or a loved one were involved in this accident, we understand the impact being involved in a severe accident can have on your life. The road to recovery and recovering compensation for your damages is long and complex. Our Newport Beach car accident attorneys are here to help. Call Younglove Law Group at (844) 810-1800 for a free and confidential consultation.

If you or a family member were involved in this incident and would like more information, please click here for help requesting a police report. Our team of attorneys is here to help you during this trying time.

Source: https://ktla.com/news/local-news/fatal-crash-in-sylmar-leaves-one-person-dead/

If a family member would like this article removed for any reason, please click here, complete the form, and the article will be removed.

May 9, 2021 – Victorville, California: A severely injured motorcyclist was airlifted from a crash on La Mesa Road near Pacoima Road at 4:52 pm on Mother’s Day. Witnesses state the motorcyclist impacted the rear of a 2019 Honda Accord before bursting into flames.

Firefighters responded and extinguished the fire before requesting that the motorcyclist be airlifted from the scene.

The driver of the Accord and her two young daughters sustained cuts from the broken glass.

If you or a loved one were involved in this accident, we understand the impact being involved in a severe accident can have on your life. The road to recovery and recovering compensation for your damages is long and complex. This is particularly the case with California motorcycle accident claims because California is a pure comparative negligence jurisdiction. That means even if you are placed primarily at fault, you may still have a case. Our Newport Beach motorcycle accident attorneys are here to help.

Call Younglove Law Group at (844) 810-1800 for a free and confidential consultation. Our team is available 24 hours a day, 7 days a week. We are also available by online chat and text message.

If you or a family member were involved in this incident and would like more information, please click here for help requesting the police report. Our team of attorneys is here to help you during this trying time.

Source: https://www.vvng.com/motorcyclist-airlifted-from-crash-on-la-mesa-rd-in-victorville/

If a family member would like this article removed for any reason, please click here, complete the form, and the article will be removed.