2007-08-09 12:08:04 · 3 answers · asked by steven e 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes, Title VII are mainly for back wages, which is fully taxable, both federal and state income tax. I've attached a case where it stated that it was a settlement of sex discrimination and it was taxable.
2007-08-10 09:05:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes. Only settlements for physical injury or illness are tax free. Since most of those Title VII settlements are for back wages it is fully taxable. Punitive damages are always taxable as well, regardless of the underlying reason.
2007-08-09 17:09:07 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
properly i think of that the declare could maximum in all probability be against the enterprise particularly than a man or woman, so the actuality that the enterprise has been offered could maximum in all probability no longer influence this. additionally, i be attentive to that previous administrators could properly be held accountable for their strikes while they have left the enterprise specifically situations including breach of fiduciary accountability, yet i do no longer be attentive to if this could advance to sexual harassment. yet i'm basically a regulation student so am in all probability incorrect so which you may particularly get ideal criminal suggestion while you're in touch in pursuing it, because it truthfully relies upon on guy or woman condition.
2016-12-30 07:44:49 · answer #3 · answered by ? 4 · 0⤊ 0⤋