Northam: Make donations to Virginia Beach Tragedy Fund tax-deductible

virginia

Credit: FrankRamspott

Gov. Ralph Northam today issued a proclamation recognizing that the Virginia Beach Tragedy Fund seeks to perform an essential government function and urged the IRS to follow suit.

The Fund, which was established by United Way of South Hampton Roads in partnership with the City of Virginia Beach, must receive this designation in order to confirm that donations to the Fund will be tax deductible.

“Members of my administration have been in close and frequent contact with officials from the City of Virginia Beach and have offered to assist the victims and families affected by this senseless tragedy,” said Governor Northam. “As a result, I am issuing a proclamation that the Virginia Beach Tragedy Fund seeks to perform an essential government function, and I urge the Internal Revenue Service to find the same. The families of the victims and those injured in the tragic shooting in Virginia Beach rely upon this critical financial assistance and we must ensure they are receiving the support they deserve.”

Current IRS guidelines establish that donations to victim assistance funds are generally considered personal gifts and therefore are not guaranteed to be tax deductible. In June, the IRS confirmed that families of the victims and those injured are exempt from paying taxes on money they receive from the Fund. But the IRS has not yet certified that contributions to the Fund, which have come from thousands of individuals, reaching more than $3 million, will be tax deductible.

The full text of the proclamation can be found here.



uva basketball team of destiny

Team of Destiny: Inside UVA Basketball's improbable run

Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25.

The book, with additional reporting by Zach Pereles, Scott Ratcliffe and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018, and how coach Tony Bennett and his team used that loss as the source of strength, through to the ACC regular-season championship, the run to the Final Four, and the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.



 
augusta free press
 

Comments

%d bloggers like this: