If I received a class action settlement for damages from a mesh implant, do I have to pay taxes on this?

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If I received a class action settlement for damages from a mesh implant, do I have to pay taxes on this?

Asked on August 27, 2014 under Personal Injury, Rhode Island

Answers:

Anne Brady / Law Office of Anne Brady

Answered 9 years ago | Contributor

Generally speaking, no, you do not pay income taxes on settlement proceeds from product liability claims, except to the extent that the money was specifically to compensate you for lost wages due to time you missed from work because of the injury.


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