December 25, 2024

People who got Norfolk Southern relief money after Ohio train derailment won’t be taxed on it, IRS says

 People who got Norfolk Southern relief money after Ohio train derailment won’t be taxed on it, IRS says

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.