Residents in Southwest Florida may get some relief this tax season.
For Hurricane Ian victims, tax season in 2023 could actually bring some much-needed good news.
Hurricane relief is on the way to those with damaged property from Ian and Nicole. The IRS is letting residents write off any damage caused by the hurricane under their income taxes, thereby enabling taxpayers to take their actual dollar losses.
Those who spent money on home repairs, cars, and even the food lost in their fridge, may be eligible. So, keep track of absolutely everything you spend, everything.
Before deducting your loss, you’ll need to subtract any insurance reimbursement or other reimbursement you’ve received or expect to receive. That will leave you with a final loss figure for tax purposes.
If you are a victim of hurricane Ian or Nicole, let the Florida Property Damage Attorneys at The Consumer Law Office (CLO) help you receive the maximum property damage compensation you are entitled to under your insurance policy.
Contact CLO Today 305-940-0924 for a FREE Comprehensive Property Damage assessment and consultation. Visit https://consumerlawoffice.com/
We only get paid when you get paid by your insurance company.
Contact CLO Today! 305-940-0924
