Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
A
austinjames14
June 5, 2019
Question

Tax Year Prior to 2020: I was in an accident and recieved a settlement that paid my medical expenses and also gave me extra money. Do I claim that money or add those medical expenses to my taxes?

  • June 5, 2019
  • 1 reply
  • 0 views
No text available

1 reply

K
kll
June 5, 2019

No.  You will generally neither claim the income nor the expenses.  However, if part of the settlement is for mental anguish or punitive types of damages, that portion must be included as income. (see below)  Since the settlement for injury is not taxed, you cannot take a tax deduction for the medical expenses paid by those fund.

Are legal settlements taxable?

https://ttlc.intuit.com/replies/4787698


A
austinjames14Author
June 5, 2019
If a portion (not sure of the exact amount) of the settlement money was for loss of wages, do I include this in my taxes?
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification