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Is lost wage benefit payment from an auto insurance taxable income?
8 Apr 2010Auto insurance settlements are not taxable, what about a lost wage benefit settlement? Would that be taxable?
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1 Response to Is lost wage benefit payment from an auto insurance taxable income?
Judy1
April 8th, 2010 at 5:00 pm
Yes, the part of the payment that’s for lost wages is taxable.