Published 1 year ago

IRS says Maine's relief checks will not be taxable

Summary by Ground News

The $850 pandemic relief checks will not subject to federal taxes, agency rules. The IRS found that if a payment was made to promote the general welfare or to help with disaster relief, it could be excluded as income on federal taxes. The ruling also impacts 20 other states.

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Portland Press Herald

IRS says Maine’s $850 pandemic relief checks not taxable

The agency had been studying whether the money sent out last year in Maine – and similar payments made in 16 other states – was subject to federal taxes.

1 year ago·Portland, United States

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Bangor Daily News

IRS rules Maine’s $850 relief checks won’t be taxed federally

AUGUSTA, Maine — The Internal Revenue Service said Maine’s last round of $850 relief checks will not be subject to federal income taxes, lifting a weeklong cloud of uncertainty over state returns.Maine was one of 21 states contending with a part of the federal tax code. While it exempts direct payments to Americans in disasters, it was unclear whether relief programs in 2022 qualified because they were often branded as responses to inflation or …

1 year ago·Bangor, United States

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WMTW

IRS says Maine's relief checks will not be taxable

The $850 pandemic relief checks will not subject to federal taxes, agency rules

1 year ago·Portland, United States

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Boothbay Register

IRS will not tax Maine’s $850 pandemic relief checks

WASHINGTON, D.C. — The Internal Revenue Service provided details Friday evening clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that in the interest of sound tax administration and other...

1 year ago

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