You Won’t Owe Taxes on a 9/11 Victim Compensation Fund Award

As we approach April 15, Barasch & McGarry reminds the 9/11 community that 9/11 Victim Compensation Fund awards are not taxable.

If you receive an award, you will not owe taxes on any part of the amount.

In addition, you are not required to report the award to the Internal Revenue Service or to your state’s tax-collecting agency.

The victim fund offers tax-free awards for pain and suffering, lost earnings, and benefits for surviving spouses and family members.

All 9/11 responders and survivors are eligible to register with the 9/11 Victim Compensation Fund, even if currently healthy.

Registering with the 9/11 Victim Compensation Fund now preserves your right to file a claim in the future.

For the victim fund, the exposure zone includes the area of Manhattan south of Canal Street and west of Clinton Street.

If you were there on September 11, 2001, or were in the exposure zone for a minimum number of hours anytime between September 12, 2001, and May 31, 2002, you are eligible to register.

To register directly with the 9/11 Victim Compensation Fund, visit www.vcf.gov/register.

Barasch & McGarry can help you register with the 9/11 Victim Compensation Fund.

Please contact us by visiting www.911victims.com or calling 212-385-8000.