Contact the Yasmin lawsuit attorneys of Williams Hart today - 800-761-3187.

Tax Liability for Birth Control Lawsuit Settlements

Many women took Yaz, Yasmin, and Ocella as a birth control medication under the advice and counsel of their physician. This drug was to provide birth control, moderate acne relief, and even to lessen the symptoms of PMS. However, the drug has been closely linked with extremely dangerous side effects.

Women who have suffered adverse health conditions due to these side effects may be able to gain financial compensation for related medical bills, pain and suffering, and other appropriate damages. Contact the Yaz side effect attorneys of Williams Hart today by calling 800-761-3187 for more information regarding your rights and options if you have taken Yaz and subsequently suffered a stroke or other health concern.

Taxes on Settlements

If an individual successfully pursues a lawsuit against a drug manufacturer, he or she may receive a significant amount of financial compensation. The tax code protects this money as a form of income. This means that recipients do not need to pay taxes on this money, with some rare exceptions. Compensation for the following will not be considered taxable income:

  • Physical injuries (pain and suffering)
  • Medical bills
  • Lost wages
  • Emotional damages
  • Loss of consortium

Possible exceptions to this non-taxable status may include interest gained over time and punitive damages awarded. These will both be taxed by the government as if they were a regular form of income.

Contact Us

If you or someone you love has taken Yaz, Yasmin, or Ocella and suffered from the side-effects of the drug, there may be legal options available. To discuss your claim with an experienced legal advisor, contact the Yasmin side-effect lawyers of Williams Hart at 800-761-3187 today.

Contact Williams Hart

By submitting this form, you certify that you agree to our terms and conditions and wish to be contacted regarding your inquiry.

Williams Hart Represents Yasmin/Yaz Victims Nationwide

Williams Hart represents clients across the country. Click here to learn more.

home  |  about us  |  attorneys  |  yaz  |  yasmin  |  ocella  |  faqs  |  articles  |  contact us  |  blog  |  Legal Colleagues  |  Log in
Copyright ©2007-2009 Williams Hart. Attorneys are licensed only in the state of Texas unless otherwise indicated in the biographical section. Past performance is no guarantee of future results. Williams Hart's main office is located in Houston, Texas. Terms of Use. Disclaimer.
8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051 -- 800-761-3187

Search Engine Optimization provided by The Search Engine Guys.