IRS reverses itself, now says $450 state payments for energy relief will be exempt from taxes
The federal agency had said this week that the payments would be taxed, drawing criticism from state officials.
Source: centralmaine.com
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The federal agency had said this week that the payments would be taxed, drawing criticism from state officials.
The state says the IRS backed out of federal tax exemption for payments intended to help 880,000 Mainers cope with high energy costs last winter.
The state says the IRS backed out of federal tax exemption for payments intended to help 880,000 Mainers cope with high energy costs last winter.
The state says the IRS backed out of federal tax exemption for payments intended to help 880,000 Mainers cope with high energy costs last winter.