US EditionIRS 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.
15 Articles
15 Articles
People who got Norfolk Southern relief money after Ohio train derailment won’t be taxed on it, IRS says
The people receiving money to relocate, repair homes and pay medical bills after the February 2023 train derailment in East Palestine do not have to report the payments on their taxes, the IRS said Wednesday.
Associated Press News
IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it
Most people who received money from Norfolk Southern in the wake of last year's fiery train derailment in eastern Ohio won't have to pay taxes on millions of dollars in
IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it
By JOSH FUNK AP Business Writer Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all. The Internal Revenue Service said Wednesday that it had decided that most of the more than $21 million people who live near East Palestine, Ohio, received to help them pay for temporary housing or replace their belongings ar…
IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it
By JOSH FUNK AP Business Writer Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all. The Internal Revenue Service said Wednesday that it had decided that most of the more than $21 million people who live near East Palestine, Ohio, received to help them pay for temporary housing or replace their belongings ar…
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