IRS: Many Payments to Individuals Affected by East Palestine Train Disaster are Tax-Free
June 05, 2024
June 05, 2024
WASHINGTON, June 5 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following news release:
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New Guidance Could Help Those In Ohio, Pennsylvania, West Virginia
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The Internal Revenue Service announced today that in many cases payments received by individuals affected by last year's train derailment in East Palestine, Ohio, are not taxable.
In Notice 2024-46 (https://www.irs.gov/pub/irs-drop/n-24 . . .
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New Guidance Could Help Those In Ohio, Pennsylvania, West Virginia
* * *
The Internal Revenue Service announced today that in many cases payments received by individuals affected by last year's train derailment in East Palestine, Ohio, are not taxable.
In Notice 2024-46 (https://www.irs.gov/pub/irs-drop/n-24 . . .