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IRS confirms $1,776 tax-free payments are headed to 1.5M Americans
The $1,776 payment honors the nation's 250th anniversary and is classified as a qualified military housing benefit, exempting about 1.5 million service members from taxes.
Summary by Staten Island Advance
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2 Articles
$1,776 surprise payment gets important IRS ruling
WASHINGTON — The Internal Revenue Service says a special one-time payment of $1,776 sent to about 1.5 million Americans last December will not be taxed. That means people who got the money will not owe taxes on it or have to report it on their federal tax forms.
·Cleveland, United States
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