The IRS announced that many payments for people affected by the train derailment last year in East Palestine, Ohio, will be tax-free.
That’s a win for vulnerable Ohio Democrat Sen. Sherrod Brown, who urged the Biden administration to declare that derailment-related payments qualify for disaster tax relief.
It also takes away one incentive that Senate Democrats might have had to hold a vote on the Wyden-Smith tax bill or a separate House-passed package of disaster tax relief measures.
Presented by Duke Energy
Every day at Duke Energy, we’re focused on keeping prices low and supporting growing energy needs across our footprint. From enabling modern energy infrastructure investments to accelerating technology advancements, our progress will not be slowed.
Presented by Duke Energy
Every day at Duke Energy, we’re focused on keeping prices low and supporting growing energy needs across our footprint. From enabling modern energy infrastructure investments to accelerating technology advancements, our progress will not be slowed.
