Employment settlement recoveries under wrongful termination, sexual harassment, discrimination, failure to promote, Age Discrimination in Employment Act and other employment-related theories of recovery, represent taxable damages. Connecticut lawyers for employers and employees alike can bring an efficient conclusion to employment litigation by using nonqualified structured settlements to effect tax deferral.
Without a structured settlement, a plaintiff settling an employment case faces a significant tax burden in the tax year of the settlement, resulting in a significantly smaller net settlement amount, after applying taxes.
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