A frequent concern when it comes to receiving a settlement due to someones negligence in Charleston is the amount of money you are awarded and how much you get to keep.
This is why some people choose not to use a personal injury lawyer, for fear of losing a significant portion of their compensation.
However, this is not advised.
Another common question is if their compensation is taxable.
There are some distinct guidelines when it comes to taxation on personal injury claims.
Most often, when it comes to a personal injury case, your compensation for a physical injury is not taxable.
However, awarded damages that are not physical in nature such as emotional injury, punitive claims or a breach in contract are taxable.
Understanding what is taxable and what is not can be confusing. That is one of the reasons why you should always employ professional help when it comes to gaining compensation.
If you have been injured due to someone else's negligence in the Charleston, SC area, contact The Angell Law Firm today.
Schedule a free consultation to have all your questions answered about your claim.
The Angell Law Firm, LLC
170 Meeting St Suite 110
Charleston, SC 29401
(803) 721-2799
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