Archive of Taxes
IRS updates public guidance for 9/11 survivors, families to claim tax exemptions on disability payments
Disability payments ‘for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies)…are not included in income,’ the agency says in a Thursday update.
Families impacted by the 9/11 terror attacks may be missing out on a major tax break. A law that was passed just months after the attacks made disability income resulting from terrorism non-taxable.
Disability income resulting from a terror attack is not taxable, a statue that even the city’s insurance manager was not recently aware of.
As Tax Day Nears, Gillibrand Announces IRS Has Finally Clarified That 9/11 First Responders and Survivors Eligible for Tax Relief
Gillibrand Pressured IRS to Clarify Law in Order to Ensure that Eligible 9/11 Responders and Survivors and Their Families Can Access the Tax Benefits They Are Entitled To – Including a $10,000 Death Benefit