TAX TIP OF THE DAY... wrongful imprisonment compensation is tax-free
A 2015 tax act made all damages paid for wrongful imprisonment tax-free. Under prior law, such payments were taxable unless related to injuries incurred while in prison. SHARE WITH A FRIEND. http://www.baboiancpa.com/blog Comments are closed.
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AuthorDavid S. Baboian, CPA Archives
February 2018
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