Under two COVID-19 relief laws, “emergency rental assistance” is being provided to certain people by the government. The IRS has added information on its website about the tax implications of these payments. For example, are they included in gross income? The answer is no. The payments aren’t considered income for tax purposes. That includes payments for utilities and home energy expenses. To read the IRS frequently asked questions about emergency rental assistance, visit: https://bit.ly/2ROOP28 Call or visit our website for more information! www.mjscpa.com/
