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REDDIT

Advice on saving on taxes - Settlement money

S
Apr 22, 2025 · 05:40

I’m looking at a settlement amount in 7 figs. Just found out that I gotta pay tax on the full amount - before the contingent attorney fees. So basically paying tax on 100% while receiving only 2/3 of that. And another 1/3 goes to tax leaving me with 1/3rd. Any ideas on how I can save on paying so much tax?