Florida State Senator Jonathan Martin joins Beach Talk Radio this Sunday at 10AM at Wahoo Willie’s.
Martin, who’s running for another term, joins the show before Mayor Dan Allers makes his weekly appearance.
Martin represents Senate district 33 which includes Fort Myers Beach.
What? I never heard of this before? I know people who received checks of 500K for damages so you are saying they have to pay federal tax on that money? Seriously?
Property insurance claim payments are NOT taxable income.
I did leave a reply but Ed deleted it.
I thought all insurance settlements were tax free???
Please ask what the State of Florida is doing to get the Federal Disaster Bill passed. That bill , which has a huge impact on our income taxes after a disaster, expired in January of 2022 , is still in the finance committee of the Senate. It needs to be signed by Biden by December 31st to help the victims of Ian . Basically it says you don’t have to declare insurance payments on your income taxes.