💸 Let’s Talk Taxes

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CLASS ACTION 101  
💸 Let’s Talk Taxes (Yes, Even on Free Money)

First and foremost, this is education and in no way constituting tax or legal advice - like our note at the bottom always says, “help yourself out and hire a professional.”

Tax Talk (But Make It Make Sense)

Let’s talk about something only slightly more exciting than filing your taxes: whether you owe anything on that class action payday. If you received a check from a class action settlement, here’s what you actually need to know:

👀 Under $600? Typically it’s no sweat
Most class action payments under $600 don’t come with a 1099 form, so it probably isn’t worth losing sleep over.

Keep your paperwork just in case, however, because even if you don’t get a form, that doesn’t always mean the payment isn’t taxable. (Yeah, we wish it were simpler too.)

🧾 You might get a 1099-MISC with your payment
That usually happens if your payment is $600 or more. That form means the IRS knows you got paid – and they might want a piece of it.

⚠️ Heads up: The IRS gets this info too
So if your payment is taxable and you forget to report it, you could end up with a penalty or fee. Let’s not give Uncle Sam any extra reasons to come knocking.

🤷 Not sure if it’s taxable?
Ask a tax pro. Some payments are, some aren’t. It depends on what the settlement was for:

• Physical injury claims? Usually not taxable.

• Lost wages, emotional distress, interest, or punitive damages? Probably taxable.

• Did your lawyer get a cut? You might still need to report the full gross amount – less applicable being just a claimant but good to keep in mind for plaintiffs.

📬 If you moved since you got paid…
Make sure to update your address with the settlement administrator. That’s where they’ll send any tax forms come January.

🗓 Need another copy of your tax form?
Save this link for later – you can request one starting January 31st of the year after you got paid at 👉 www.taxformreprint.com

WHAT ELSE TO FILE FOR
🗃️ The Case Docket

Check out what else you can claim cash back for:

🏙️ $975k One World Ticket Fee Settlement: 4/21/25

🧸 $19M Fisher-Price Rock 'n Play Sleeper Recall: 4/29/25

👁️ $500K Lilly Lashes "Cruelty Free" Mink Eyelashes: 5/15/25

🔭 $32M Telescope Price-Fixing Settlement: 5/20/25

🧑‍🎓 $9.95 MOVEit National Student Clearinghouse: 5/26/25

💊 $100M Walgreens Savings Club Litigation: 6/16/25

💡 $362.5M General Electric Securities Litigation: 6/20/25

👠 $4.43M Designer Brands & DSW TCPA Settlement: 6/30/25

🍗 $203.4M Broiler Chicken Antitrust Settlement (it’s back!) 7/31/25

Pssst… this is by no means an exhaustive list we’ll keep you posted as more come up.

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