YMM Reading List

Tuesday, December 29, 2009

Homeowners' Assistance Program benefits are not taxable

Here are the words from the HAP webpage:

"Tax Liability of Expanded HAP Benefits
• President Obama signed HR 3548, Unemployment Compensation Extension Act of 2009, into law and thereby exempted Expanded HAP benefit payments from taxation. Read More…
• Applicants who received benefits and had taxes withheld, may apply for refunds from the Internal Revenue Service when they submit their tax returns."

Great news for everyone hoping to sell their homes and restart at their next duty or retirement location.

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