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The 2017 Tax Cuts and Jobs Act (TCJA) narrowed the qualifying criteria to include only personal property damage resulting from federally-declared disasters between 2018, when the legislation took ...
First, the damage must result from a federally declared disaster, and Hurricane Helene qualifies. This means losses tied to unexpected, sudden events like hurricanes, floods, or fires may be eligible.
The Hurricane Tax Relief Act is pending United States legislation introduced in 2023. Introduced by Florida legislators Rick Scott in the Senate and Byron Donalds in the House of Representatives, and generally supported by Republicans holding political office in Florida, the act seeks to reduce the amount of federal taxes that victims of hurricanes Ian and Nicole will have to pay and more ...
The IRS disaster tax relief postpones various tax filing and payment deadlines. Affected individuals and businesses will now have until Jan. 3, 2022 to file returns and pay any taxes that were ...
By Mary Boone Wildfires in the West, flooding and landslides in Alaska and hard-hitting Superstorm Sandy were just a few of the major natural disasters that hit the United States last year. In all ...
You probably know that insurance can protect your home and possessions during damaging weather (which we've had a lot of this year), but did you know that you may claim tax deductions for weather ...
Hurricane Sandy will go down as one of the costliest storms in U.S. history, with millions of people suffering damage to their homes. If you're one of the unlucky ones, you may face months of ...
Florida lawmakers on Wednesday approved a tax relief package to help people whose homes were destroyed or left uninhabitable after they were hit by Hurricane Ian or Hurricane Nicole earlier this year.