Hurricane Tax Relief

As victims of last year's Hurricanes Harvey, Irma and Maria pick up the pieces of their lives, the IRS is offering support on a variety of fronts, ranging from special tax breaks for donors to filing extensions for individuals and businesses affected by the storms. The National Oceanic and Atmospheric Administration recently estimated that the cumulative damage from last year's 16 weather and climate disaster events was a record $306.2 billion. This series focuses on the IRS's efforts and other incentives and programs available to businesses and individuals as they rebuild. 

hurricane irma destruction
Article
Dec 5th 2017
I’ve written several articles about legislation enacted in September that authorizes special tax breaks for qualifying individuals who...
hurricane shipwreck
Article
Nov 27th 2017
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In a story on deductions for casualty losses published last week , I explained the usual rules for writing off losses. This time, we’ll...
hurricane damage
Article
Nov 20th 2017
I’ve previously done columns on the usual rules for claiming deductions for casualty and theft losses. Claiming deductions for casualty...
florida damage
Article
Nov 16th 2017
Natural disasters such as winter ice storms, hurricanes, tornadoes, and wildfires have struck repeatedly in 2017, affecting millions of...
Blog
Natural disasters are a fact of life. Any business that plans to be successful in the modern era has to have a plan for surviving the...
Blog
Victims of the recent hurricanes are struggling to restore not just their homes, but their financial security which will be impacted by the...
hurricane irma
Article
Oct 11th 2017
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On Sept. 29, President Trump signed into law H.R. 3823, the "Disaster Tax Relief and Airport and Airway Extension Act of 2017". The Act,...
relief puerto rico
Article
Sep 27th 2017
Although the mainland didn’t absorb the brunt of Hurricane Maria, the IRS isn’t turning a cold shoulder to U.S. citizens ( PR-2017-02 , 9/...
hurricane sandy relief
Article
Sep 26th 2017
Americans are opening up their hearts — and their wallets — to victims of Hurricanes Harvey and Irma. But not every “good cause” is legit...
hurricane irma flooding jacksonville
Article
Sep 22nd 2017
The IRS is making it possible for employees to redirect payroll amounts they are owed to charities supporting recovery efforts from...
hurricane aftermath
Article
Sep 19th 2017
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When a natural disaster strikes — such as Hurricanes Harvey and Irma — your first instincts are to worry about loved ones and then your...
man walking through storm damaged neighborhood
Article
Sep 15th 2017
At least taxpayers in Florida and other areas affected by Hurricane Irma won’t have to worry about meeting tax return deadlines until next...
flooding
Article
Aug 30th 2017
It will likely take months and even years for many residents of Texas to pick up the pieces after the devastation caused by Hurricane...