We are aware of the tough times many people face these days in Pennsylvania, New Jersey, and throughout the country. When you’ve sustained a severe injury, your focus should be on your health, your recovery, and your family’s welfare, not your ability to pay for representation.
With this in mind, Flager & Associates, PC represents clients on a contingency fee basis. In short, attorneys’ fees and other case-related expenses do not apply unless you receive a successful judgment or settlement.
Are settlements taxable?
If you receive a favorable decision in your personal injury case, in most cases you won’t have to pay any taxes on your settlement. Settlements resulting from physical injuries or sickness in a personal injury case are tax-free. The government looks at the compensation you may receive as a result of a physical injury or sickness as making you whole again, not as taxable “income.”
In some cases, you may receive compensation for lost income or non-economic losses such as emotional distress, which may be taxable. Our attorneys can help you with any tax questions or other concerns about your potential case.
If you have suffered an injury in Pennsylvania or New Jersey, contact Flager & Associates, PC for the knowledgeable representation you need. Call (215) 953-5200 for your free personal injury consultation today.
Contact Flager & Associates, PC
Located in Bensalem (across from the Neshaminy Mall), with offices in Philadelphia and New Hope, our law firm proudly serves injury victims throughout Pennsylvania and New Jersey.
One Northbrook Corporate Center
1210 Northbrook Drive
Feasterville-Trevose, PA 19053
Phone: (215) 953-5200
Fax: (215) 953-5214
1500 JFK Blvd
Philadelphia, PA 19102