Menu
SIGN IN
Browse By Tags
All tags
Tax
Tax Law
Settlements
Litigation
Punitive Damages
Taxation
paulsakalas
over 5 years ago
Lexis® Legal Advantage
FAQ
Are Punitive Damages Taxable?
In a lawsuit settlement, the plaintiff can often be awarded for both compensatory and punitive damages. Punitive damages can be seen as a “punishment” of sorts to the defendant in the lawsuit, as a way for the Courts to assign a dollar amount...