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hrmjustin

(71,265 posts)
Mon Jul 28, 2014, 09:55 AM Jul 2014

IRS fails to inform 9/11 victims of tax breaks, leaving many first responders without refunds

DAN FRIEDMAN

Victims of the 9/11 attacks and their families are entitled to big tax breaks, but many are missing out because the IRS isn’t telling them about the benefit.

Under a law passed months after the attacks, disability income resulting from terrorism is not taxable.

That means thousands of cops, firefighters and other first responders sickened after working at the site, and the families of those who’ve died, can claim $10,000, or the last three years of taxes the victim paid, whichever amount is larger.

But the IRS never updated its public guidance to advertise the benefit. Tax preparers, firms, — including New York City’s own insurance manager — and individual filers were left unaware.

http://www.nydailynews.com/new-york/exclusive-irs-fails-inform-9-11-victims-tax-break-leaving-refunds-article-1.1881394

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