IRS updates public guidance for 9/11 survivors, families to claim tax exemptions on disability payments

The IRS is finally updating its public guidance to make it clear that 9/11 survivors and their families can claim tax exemptions on their disability payments.

Disability payments “for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies)…are not included in income,” the agency says in a Thursday update.

Read more: http://www.nydailynews.com/news/national/irs-updates-guidance-9-11-survivors-families-claim-tax-exemptions-article-1.1896236#ixzz39ovZrQet