Tag: hurricane irma

Posts Tagged ‘hurricane irma’

Tax Relief for Victims of Natural Disasters for 2018

Posted by Divya Hansraj on November 14, 2017
Last modified: September 18, 2018

Hurricane Effects
A tax relief will give you the break you need.

There are few calamities that compare to the damage and loss of a natural disaster. Last year, Hurricane Harvey forced thousands of residents from Texas out of their homes and left stranded without power and clean drinking water. Similarly, residents of Florida had to evacuate coastal areas due to flood zones. These events can leave families in a wreck, taking years to recover from. As horrific as these events can be, the IRS provides tax relief for taxpayers living in disaster areas.

Read on to learn more about how the IRS handles tax reliefs and find out if you qualify.

What is a natural disaster?

According to the IRS, a natural disaster is a nature-related event. Usually, these events are hurricanes, floods, earthquakes, and tsunamis. However, there are more. Nonetheless, it was surprising to find mine cave-ins and sonic booms on the list!

Do I qualify?

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