IRS Tax Relief

How Much Taxes Need To Be Paid On This (specific) Lawsuit Settlement?

Hello All, I am getting 35,000 in backpay wages and 10,000 for compensatory damages. I live in the state of Maryland and I just want to know how many taxes will the state take out? What tax bracket does the 35,000 fall in? I want to know exactly what I will be left with after taxes. [...]

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What Taxes Need To Be Paid On A Lawsuit Settlement?

I need to come up with a figure regarding a settlement with an insurance company because of a permanent debilitating injury to myself. The question is about how much I should expect to pay in taxes. (If it matters, I live in the state of Pennsylvania, in Pittsburgh.) If I am looking to have somewhere [...]

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