KeithinSanDimas
Level 2
01-28-2023
03:07 PM
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From Brass Tax: "IRS has consistently concluded that payments made to individuals under social benefit programs for promotion of the general welfare are excluded from income provided the payments meet the following requirements:
1) Made from a governmental fund
2) Are for promotion of general welfare (i.e. generally based on individual or family needs)
3) Not compensation for services