Page 140 - Other Income for Individuals

Disaster relief grants

Sample text

 Don’t include post-disaster grants received
under the Robert T. Stafford Disaster Relief
and Emergency Assistance Act in your income
if the grant payments are made to help you
meet necessary expenses or serious needs for
medical, dental, housing, personal property,
transportation, child care, or funeral
expenses.
 Don’t deduct casualty losses or medical

expenses that are specifically reimbursed by
these disaster relief grants.
 If you have deducted a casualty loss for the
loss of your personal residence and you later
receive a disaster relief grant for the loss of
03 the same residence, you may have to include
part or all of the grant in your taxable income.
See Recoveries, earlier.
 Unemployment assistance payments under
the Act are taxable unemployment
compensation. See Unemployment

compensation under Unemployment
Benefits, earlier.

138