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	<title>New answer on: Is Car Insurance Money Taxable?</title>

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		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/auto-insurance/is-car-insurance-money-taxable</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Thu, 26 Jun 2014 03:22:23 +0000</pubDate>

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		<description><![CDATA[That is a great question!  Generally speaking, if you are in an accident, or your car is stolen and the insurance company sends you a check for the costs, that money isn&#039;t taxable. Since you are making payments for the insurance coverage, the settlement is seen as reimbursement for your expenses. That said, if you are listing the car insurance as a business expense, then there may be a tax liability. I hope that helps. Thanks for asking!]]></description>

		

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/auto-insurance/is-car-insurance-money-taxable</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Wed, 25 Jun 2014 23:45:58 +0000</pubDate>

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		<description><![CDATA[I am not an accountant.  Casualty losses are a deductible expense on your form 1040.  Insurance company payments are recovery for casualty losses.  If you have received a large insurance settlement, I suggest you contact your CPA.  If you have had some car repairs done and the insurance company has paid all of some of the expenses, I doubt that will represent any taxable event. ]]></description>

		

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