Welcome back! Ask questions, get answers, and join our large community of tax professionals.

Disaster relief payments under IRC 139

cancel
Showing results for 
Search instead for 
Did you mean: 

Disaster relief payments under IRC 139

Intuit Tax Advisor Team

Qualified disaster relief payments are excluded from a taxpayer’s gross income. Code Sec. 139 defines such payments to include any amount paid to or for the benefit of an individual to reimburse or pay reasonable and necessary personal, family, living, or funeral expenses incurred because of a qualified disaster.

Status: Open for Voting
Vote now if this is a good idea