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Do I owe taxes on my Workers’ Compensation (WC) or Personal Injury (PI) Settlement?

It’s almost tax time! Have you received a Workers’ Compensation settlement or a Personal Injury settlement and wondering if these settlements are taxable income? Some of the answers are straightforward while others are not. Keep in mind, we are not tax lawyers or certified public accountants, so you should always run tax questions by the most qualified individuals, like your accountant.

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Can I be fired because I file a Workers’ Compensation claim or because I hire an attorney for my case?

The short answer is NO, not legally. Your employer cannot legally terminate you because you had a work injury or because you hired an attorney. You are entitled to know your legal rights and to file a legitimate claim for a work injury.

However, do not let the above facts confuse you into thinking that your job is protected because you got hurt at work, because that is not the case.

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An Accident With a Commercial Truck is NOT the Same as a Car Accident

Taking to the highways instead of only using city streets can be one of the most time efficient ways of getting to your end destination. The only drawback, as we have all experienced, is that the highways have become the primary domain of commercial trucks! They are everywhere -- from 18-wheelers to service pickup trucks -- the highways are littered with them.