Internal Revenue Code Section 104 A 2

Except in the case of amounts attributable to and not in excess of deductions allowed under section 213 relating to medical etc expenses for any prior taxable year gross income does not include 1 amounts received under workmen s compensation acts as compensation for personal injuries or sickness.

Internal revenue code section 104 a 2. Internal revenue code section 104 a 2 compensation for injuries or sickness. Internal revenue code 26 usca section 104. Section 104 a 2 also excludes damages not in excess of the amount paid for medical care described in section 213 d 1 a or b for emotional distress.

Received through prosecution of a legal suit or action or through a settlement agreement entered into in lieu of such prosecution 2. 104 a 3. 2 the amount of any damages other than punitive damages received whether by suit or.

104 a 2. The amount of any damages other than punitive damages received whether by suit or agreement and whether as lump sums or as periodic payments on account of personal physical injuries or physical sickness. Based on tort or tort type rights and 3.

The 1996 amendment added to irc 104 a 2 the word physical to the clause on account of personal physical injuries or physical sickness therefore in order for damages to be excludible from income the judgment or settlement must be derived from personal physical injuries or physical sickness. 2053 provided that. The amendments made by this section amending this section and section 692 of this title shall apply to taxable years ending on or after september 11 2001 effective date of 1996 amendment pub.

Internal revenue code section 104 a 2 excludes from gross income compensatory damages. 21 1996 110 stat.