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Yes, you need to pay taxes on any money you might receive, for example, from the Facebook settlement. There are several big legal settlement cases in the US.
How Much You'll Get. Each claimant will receive approximately $30 on average. The payout amount is based on the number of valid claims that were filed. U.S. District Judge Vince Chhabria said the amount was lower than expected but is clearly a result of the unprecedented number of claims filed.
Final approval of the settlement is expected in September 2023. In the meantime, eligible Facebook users can immediately file claims. Reuters reported on July 20 that the tentative deal faces formal opposition from a growing number of class members ahead of a final September hearing before a U.S. judge in California.
How do I claim money under the Facebook settlement? Go to the claim website to fill out your claim, or else print out the claim and mail it to this address: Facebook Consumer Privacy User Profile Litigation, c/o Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.
People have until Aug. 25, 2023 to file a claim, either online or by mail.