A Comprehensive Guide to 9/11 Victim Compensation Fund Awards
The September 11th Victim Compensation Fund (VCF) is a federal compensation program that makes tax-free awards to eligible individuals who developed 9/11-related illnesses (such as any cancer) after they lived, worked, or went to school in the 9/11 Disaster Area (Manhattan south of Canal Street) between 9/11 and May 30, 2002.
The VCF is a federal program to provide financial compensation to individuals who were injured or lost loved ones as a result of their presence at one of the sites of the 9/11 terrorist attacks, including all people present (first responders and civilian residents, workers, and students) of lower Manhattan south of Can Street present between 9/11 and May 30, 2002. The VCF provides for both economic and non-economic losses from 9/11-related injury or death to those who qualify.
Securing an award from the September 11th Victim Compensation Fund (VCF) is often an important step in managing the physical, emotional, and financial hardships of 9/11-related health conditions. Receiving a VCF award, however, doesn't mark the end of the road. Instead, it provides a stepping stone to creating long-term financial stability and security.
Prostate cancer is a major health concern for men around the world, affecting millions of men globally. But did you know there's a shocking connection between the devastating terrorist attacks of September 11, 2001 and an increased risk of prostate cancer? September is Prostate Cancer Awareness Month, so it’s a good time to delve into the facts about prostate cancer and 9/11 exposure, explore symptoms of prostate cancer, and consider the treatment options and avenues for financial compensation that are available to 9/11 first responders and survivors through the 9/11 Victim Compensation Fund.
Article by Troy Rosasco, Published in the New York Law Journal
Troy Rosasco quoted in Politico:
On September 11th, 2023, the New York State Governor signed legislation (S. 2946-B/A. 75-B), the “9/11 Notice Act.” This new law requires employers to inform employees of the 9/11 Victim Compensation Fund and the World Trade Center Health Program. This new legislation will help alert over 360,000 civilian survivors of 9/11 of their eligibility to file for free lifetime medical care and substantial compensation for illnesses such as 69 types of cancer.
Awards made by the 9/11 Victim Compensation Fund (VCF) are not subject to federal taxes, even any part of a VCF award that is to replace lost earnings or wages. IRS Publication 3920 is clear that any amounts awarded and paid by the VCF are not income subject to taxes: ”Payments from the September 11th Victim Compensation Fund of 2001 are not included in income.”
Partner Troy Rosasco was recently quoted on DailyMail.com in the article 9/11 families call Biden administration plea deal a 'betrayal'
Published on LegalReader.com
Were you in Lower Manhattan for any reason between September 11, 2001 and July 30, 2002? Since then have you been diagnosed with any type of cancer or breathing condition? If so, you may be entitled to significant compensation and free lifetime medical care from the federal government. Congress passed the James Zadroga Act in 2010 and re-opened the 9/11 Victim Compensation Fund to compensate victims and families for illnesses arising out of exposure to toxins in lower Manhattan after the Twin Towers fell. Sixty nine + different cancers are now covered and eligible victims may be entitled to hundreds of thousands of tax free compensation in addition to free lifetime medical care. However, navigating the federal bureaucracy to obtain these valuable benefits can be difficult for anyone – much less someone who is dealing with a serious illness.
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