QUESTION
cAN THE INSURANCE COMPAY DEDUCT FEDERAL TAXES FROM YOUR LOSS WAGES.
Asked on Sep 25th, 2012 on Automobile Accidents - Virginia
More details to this question:
i WAS IN AN AUTO ACCIDENT AND WHEN I SUBMITTED MY LOSS WAGES THE INSURANCE COMPANY CAME BACK AND STATED THAT THEY WOULD ONLY PAY 70% OF MY SALARY BECAUSE THAT'S ALL THAT I WOULD HAVE RECEIVED. THEREFOIRE THE 30% IS FOR TAXES THAT YWOULD HAVE BEEN WITHHELD.
1 ANSWER
Insurance & Worker's Compensation Attorney serving Towson, MD
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Saltzberg & Schloss
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I presume that you are dealing with the liability carrier of the at fault driver. In the past, my office submits a loss wage claim for clients that is based upon the gross income lost not net income lost. I suggest that you ask the liability adjuster to provide you with case law or a statute that allows the liability carrier to only pay the net loss income instead of the gross loss income. Good luck with this matter.
Answered on Sep 25th, 2012 at 3:25 PM