Legal Settlement Calculators
2 calculators in this section
A settlement tax calculator estimates tax from what the lawsuit payment compensates, not just its total. For a $10,000 or $500,000 payment solely for personal physical injury, the federal taxable portion is $0 if you did not previously deduct related medical expenses. Other components can be taxable. See IRS Publication 4345 below and enter your own details in the calculator.
Updated
Lawsuit settlement tax calculator: taxes on $10,000 or $500,000
The amount alone does not determine the tax. A physical injury payment can be excluded from federal income, while employment back pay and punitive damages are taxable. Previously deducted injury-related medical expenses may also be taxable to the extent the deduction gave a tax benefit. See IRS Publication 4345. Use the settlement tax calculator to enter the payment components, other income, attorney fees and a state tax rate for an estimate.
Structured settlement lump sum calculator
The structured settlement calculator discounts your remaining payments to a present value and can estimate the discount rate implied by a lump-sum offer. Enter the payment amount, frequency, number remaining and discount rate to compare the values.
All Calculators
Legal Settlement Tax Calculator
Find out how much of your lawsuit or injury settlement is taxable under IRS rules, and estimate the federal, FICA/self-employment, and state tax you'll owe.
Structured Settlement Present Value Calculator
Calculate the present value of your structured settlement payments, and see the effective discount rate implied by a factoring company's lump-sum buyout offer.
About Legal Settlement Calculators
Find out how much of a lawsuit or injury settlement is taxable under IRS rules, and calculate the present value of a structured settlement or the discount rate a buyout offer implies. All 2 calculators provide instant, formula-based results — see each calculator's own methodology section below for exactly how its figures are calculated and sourced.
Each calculator includes a detailed methodology section explaining the formulas used, data sources cited with verification dates, and frequently asked questions to help you understand the results. Results are shareable and print-friendly.