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Published 1 month ago

IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it

  • Most people near East Palestine, Ohio, won't be taxed on Norfolk Southern aid received after a 2023 train derailment due to its classification as a catastrophic event by the IRS.
  • Norfolk Southern provided over $21 million in aid post-derailment, with the IRS ruling to exempt residents from taxes on the assistance.
  • U.S. Sen. Sherrod Brown welcomed the IRS decision, aiming to relieve impacted individuals from tax burdens caused by the train accident.
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