I was in a trucking accident—is my settlement taxed differently?

I was in a trucking accident—is my settlement taxed differently?

The nature of the defendant (a trucking company vs. an individual driver) does not change the tax treatment of your recovery. Whether your case is litigated under the Federal Motor Carrier Safety Regulations (FMCSRs) or under Georgia negligence law, a compensatory settlement for physical injuries you sustained remains excluded from income. HBLG’s trucking litigation team—which includes of-counsel attorney Mark Jackson, a disputed liability specialist—has recovered multiple 7- and 8-figure settlements in commercial trucking injury cases.