No. Areas of a settlement such as medical bills, lost wages, and pain and suffering are not taxed.
It may depend on your particular state but, e.g., in Wisconsin money for pain and suffering is not taxable income.
Insurance company is required to pay for actual damages. This means putting you back to where you were before the accident, not hitting the lottery to get something for nothing. There is no pain and suffering amounts.
Worker Comp does not pay for pain and suffering. They only pay for actual medical expenses incurred due to the workplace incurred injury.
A settlement is usually split into two parts, recovery of damages sustained, and pain/suffering (putative). For recovery of costs, the settlement is not taxed. For pain/suffering it is taxed.
Your own underinsured / uninsured (UM) policy is designed to pay to you, the policy holder, if an uninsured or underinsured person is at fault and causes injury to you but that's only if the other driver was at fault and you were injured. If you injured yourself in the accident (you were at fault), then your insurance will NOT pay pain and suffering awards. If they did, there would be many, many, many people who would stage accidents to 'injure' themselves and then claim pain and suffering awards.
You can sue your insurance company for a higher amount but there is no guarantee that you will win. You will need to have proof and be convincing that you deserve more money for the pain and suffering.
What is the difference between pain and suffering Pain is the physical aspect. The actual feeling. The sensation. Suffering is the effect the pain has on your life . Is there a lingering pain that limits your activities. It is also the mental component associated with pain.
the cherekee rose is the symbol for pain and suffering on the Trail of Tears the cherekee rose is the symbol for pain and suffering on the trail of tears
As little as possible while taking as long as possible. Hire a lawyer.
It depends on what kind of pain you are suffering from, try to find a medication that works for that type of pain
No, stoics are only indifferent to their own pain and suffering.