Income

Legal Settlement Payments

Lisa Marie Brugman, EA

Published on: 25/05/2026

Legal settlements aren’t always tax-free. This guide explains which settlements may be taxable, when exceptions apply, how attorney fees are treated, and why the wording of your settlement agreement matters more than most people realize.

IncomeTaxesExpensesOther

Does my child have to file a tax return?

Lisa Marie Brugman, EA

Published on: 17/03/2026

Does your child need to file a tax return? It depends on how much they earned and whether the income came from wages, investments, or self-employment. This guide explains the key thresholds and situations where a dependent child may need to file—and when it may still make sense to file even if it’s not required.

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