• car insurance compensation

    Is Oregon car Insurance Compensation Taxable?

    One of the worst things to happen to any Oregon Driver is when they get into a car accident and have to rely on their car insurance to compensate them if their vehicle is damaged or totaled. After the vehicle is replaced, the average person who has Oregon Car Insurance wants to know if the compensation that they received for their vehicle is taxable and the answer to this question is no. Why Oregon Car Insurance Settlements Aren’t Taxable Car insurance settlements are not taxable because, the amount that an Oregon driver receives is compensation and meant to restore them to the position they had before their vehicle was stolen,…

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