State grants to Florida homeowners to strengthen their houses against storm damage will not be reported as taxable income to the federal government, said Florida Chief Financial Officer Alex Sink.

The grants involved are awarded to homeowners through the My Safe Florida Home (MSFH) program.

Ms. Sink, who heads the Department of Financial Services, made the announcement after receiving a Letter Ruling from the Internal Revenue Service (IRS) stating that MSFH grants will be excluded from “gross incomes for federal income tax purposes.”

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