Full text and guidelines for the Victims of Terrorism Relief Act of 2001, IRC 5891 (STRUCTURED SETTLEMENT FACTORING TRANSACTIONS.)
Wyoming Victims of Terrorism Relief Act of 2001
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An act to amend the Internal Revenue Code of 1986 to provide tax relief for victims of the terrorist attacks against the United States, and for other purposes.
The Fund has paid more than $3.3 billion to victims in four rounds of distributions.
Tax information: VCF awards are not subject to federal income tax. See 26 U.S.C. §139(f). Bankruptcy proceedings: The VCF cannot advise you on how your award may be treated if the victim or recipient of the award has filed for bankruptcy protection.
The Fund has paid more than $3.3 billion to victims in four rounds of distributions. The payments announced today are in addition to these distributions. The number of eligible claimants has grown from over 2,000 in 2017 to over 15,500 today. Justice Department Announces Total Distribution of Over $6B ... Department of Justice (.gov) ? opa Department of Justice (.gov) ? opa
At the end of the process $7 billion was awarded to 97% of the families.