Awards made by the 9/11 Victim Compensation Fund (VCF) are not subject to federal taxes, even any part of a VCF award that is to replace lost earnings or wages. IRS Publication 3920 is clear that any amounts awarded and paid by the VCF are not income subject to taxes: ”Payments from the September 11th Victim Compensation Fund of 2001 are not included in income.”
Partner Troy Rosasco was recently quoted on DailyMail.com in the article 9/11 families call Biden administration plea deal a 'betrayal'
Published on LegalReader.com
Were you in Lower Manhattan for any reason between September 11, 2001 and July 30, 2002? Since then have you been diagnosed with any type of cancer or breathing condition? If so, you may be entitled to significant compensation and free lifetime medical care from the federal government. Congress passed the James Zadroga Act in 2010 and re-opened the 9/11 Victim Compensation Fund to compensate victims and families for illnesses arising out of exposure to toxins in lower Manhattan after the Twin Towers fell. Sixty nine + different cancers are now covered and eligible victims may be entitled to hundreds of thousands of tax free compensation in addition to free lifetime medical care. However, navigating the federal bureaucracy to obtain these valuable benefits can be difficult for anyone – much less someone who is dealing with a serious illness.
After the 9/11 attacks, between 400,000 and 500,000 civilian workers, residents, and students were exposed to the millions of pounds of toxins that were released and hung in the air and on the ground until mid 2002. Tens of thousands of these people have developed 9/11-related illnesses, including various types of 9/11 cancers and aerodigestive disorders.
If you or a loved one has been diagnosed with a type of cancer associated with 9/11 exposure, it is crucial to be informed about the rights and job protections available to you. The legal framework surrounding 9/11-related cancers and illnesses can be complex, but a clear understanding of these laws and the corresponding job protections can help safeguard your employment while you undergo necessary medical care and recovery.
Partner Troy Rosasco was quoted in the abc News 10 article NYS expanding awareness of 9/11 compensation program published on June 3rd.
According to data gathered by the World Trade Center Health Registry, about 10% of enrollees in the program have continued to struggle with symptoms of PTSD. People often suffer from more than one 9/11-related mental health condition. In response to the attacks, there are legal options available to those who suffered emotional injury, trauma, and other health issues related to 9/11.
Research indicates that, as time passes, individuals who were repeatedly exposed to WTC particulate matter may have a greater chance of developing mild cognitive impairment and other neurological complications like alterations in white matter connectivity. This may put them at a greater risk of developing Alzheimer’s disease.
Partner Troy Rosasco and Hansen & Rosasco client Gary D'Onofrio were recently quoted in the Spectrum News 1 article 9/11 Notification Bill Awaits Governor's Signature.
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