How IRS Taxes Employment Settlements

Oct 25, 2022 View Original Article
  • Bias Rating

    22% Somewhat Conservative

  • Reliability

    N/AN/A

  • Policy Leaning

    22% Somewhat Conservative

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

N/A

  •   Liberal
  •   Conservative
SentenceSentimentBias
"Domeny settled her employment case and claimed some of the money as tax free."
Positive
6% Conservative
"But if you are using an hourly lawyer and the case spans multiple tax years, you may have to pay tax on the legal fees."
Positive
2% Conservative
"Fortunately, in employment cases, careful plaintiffs should not need to actually pay taxes on the legal fees their lawyer receives."
Negative
-12% Liberal
"Whenever possible, plan ahead for the tax issues and consider being specific about taxes so there is no dispute later."
Negative
-18% Liberal
"However, President Biden aounced steps to forgive up to $10,000 to $20,000 in student loan debt for borrowers with eligible federal student loans in August of this year, and several IDR waivers have been issued to help borrowers have more payments qualify toward income-driven repayment plans and ultimate loan forgiveness."
Positive
6% Conservative
"The Biden administration also issued a temporary Public Service Loan Forgiveness (PSLF) waiver in order to get more borrowers pursuing PSLF on track."
Negative
-6% Liberal
"When it comes to programs for your student loan debt, the Biden administration has really shaken things up over the last year."
Negative
-12% Liberal

Bias Meter

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-100%
Liberal

100%
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Bias Meter

Contributing sentiments towards policy:

53% : Domeny settled her employment case and claimed some of the money as tax free.
51% : But if you are using an hourly lawyer and the case spans multiple tax years, you may have to pay tax on the legal fees.
44% : Fortunately, in employment cases, careful plaintiffs should not need to actually pay taxes on the legal fees their lawyer receives.
41% : Whenever possible, plan ahead for the tax issues and consider being specific about taxes so there is no dispute later.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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