The Housing and Economic Recovery Act of 2008 offers a new option to homeowners who previously claimed a casualty loss deduction resulting from hurricanes Katrina, Rita and Wilma. See the news release, notice and questions and answers for further details.
For a definition of the Midwestern Disaster Area for Various Provisions of the Tax Extenders and AMT Relief Act of 2008, see Notice 2008-109
Recent Tax Relief
Relief for Victims of Storms and Flooding in Hawaii
Relief for Victims of Wildfires in California see News Release