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if I receive a personal injury settlement which includes ...

Customer Question
if I receive a personal...
if I receive a personal injury settlement which includes reimbursement of medical expenses can I deduct those medical expenses on my tax return?
Submitted: 9 years ago.Category: Tax
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Answered in 16 minutes by:
4/2/2008
Tax Professional: Bill, Enrolled Agent replied 9 years ago
Bill
Bill, Enrolled Agent
Category: Tax
Satisfied Customers: 3,153
Experience: EA, CEBS - 35 years experience providing financial advice
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A settlement for personal injury is not taxable if you did not take an itemized deduction for the medical expenses. If you take an itemized deduction for the expenses then the settlement is taxable.

http://www.irs.gov/pub/irs-pdf/p4345.pdf

 

 

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