If your settlement reimburses you for medical bills related to the accident, that money is typically not taxable. The IRS views it as reimbursement for expenses, not income. Exception: If you previously deducted those medical expenses on your taxes, you may need to pay back that deduction.

After a crash, one of the most important documents is the police report. It’s often the first thing insurance companies, attorneys, and even judges look at when deciding liability. But how much weight does a police report really carry? And can it make or break your accident claim? Let’s break down the role these reports play in determining fault.