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 not be on your ability to pay for legal representation. Your most important concern should be your health, recovery and the welfare of you and your family.
With this in mind, Flager & Yockey, P.C. represents clients on a contingency fee basis. This means attorneys' fees and other case-related expenses do not apply unless you receive a successful judgment or settlement.
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. The compensation for physical injuries or sickness as a result of negligence is not regarded 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. It’s a good idea to talk to an attorney if you have any tax questions or other concerns about your potential case.
If you have suffered an injury in Pennsylvania or New Jersey, contact Flager & Yockey, P.C. for the knowledgeable representation you need. Call (215) 953-5200 for your free personal injury consultation today.
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Apr 12Whether you need a Pennsylvania personal injury attorney or a Philadelphia car and truck accident lawyer, we can help. We have handled serious accident claims throughout Pennsylvania, New Jersey & Delaware. -
Randall Flager
