So if you make the same amount of income that you did when you were married, you will owe more tax as a single filer. It was a suit started by him from an accident at work. My children and I took over the suit and added wrongful death. We settled out of court. We also settled with workman's comp for a lump sum.
Personal injury is different from other types of settlement monies.
But once you receive the money, you are responsible for paying whatever tax is owed. Since there's no avoiding the tax once you make the settlement, it's a good idea to see an accountant before you get a rude surprise on your taxes. But only the portion of the computer's cost that you actually used for investment management is deductible. So if you spend half the time on your computer for financial management and half the time doing something else, half the costs are deductible. I have 4 grown children and most of my assets are in IRA accounts.