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sabrinamontemayo
New Member

If you were without electricity for an extended period of time due to hurricane Irma, do you get any money back?

If so, where can you put the information?
1 Best answer

Accepted Solutions
LisaBr
New Member

If you were without electricity for an extended period of time due to hurricane Irma, do you get any money back?

You can deduct losses of items such as food in freezers and damage caused due to the hurricane.  These can be claimed on Schedule A as Itemized Deductions.  TurboTax will calculate any disaster losses you may have due to the electricity being cut off for an extended period. 

1.  Go to Deductions and Credits on TurboTax

2.  Select Other Deductions and Credits at the bottom of the page

3.  Select Casualties and Thefts

4.  Answer the questions in order to  to claim any losses you incurred

 To qualify, a loss must be attributable to a federally declared disaster and occur in an area determined by the President to warrant assistance by the federal government under the Stafford Act, such as Hurricane Irma. The deduction is limited to the “net disaster loss” which consists of the excess of personal casualty losses attributable to a federally declared disaster over personal casualty gains.  Turbo Tax will figure what is allowable based on how you answer the questions in the program.

https://www.irs.gov/businesses/small-businesses-self-employed/faqs-for-disaster-victims-calculating-...

https://blog.turbotax.intuit.com/tax-news/hurricane-victims-get-additional-relief-with-the-disaster-...

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1 Reply
LisaBr
New Member

If you were without electricity for an extended period of time due to hurricane Irma, do you get any money back?

You can deduct losses of items such as food in freezers and damage caused due to the hurricane.  These can be claimed on Schedule A as Itemized Deductions.  TurboTax will calculate any disaster losses you may have due to the electricity being cut off for an extended period. 

1.  Go to Deductions and Credits on TurboTax

2.  Select Other Deductions and Credits at the bottom of the page

3.  Select Casualties and Thefts

4.  Answer the questions in order to  to claim any losses you incurred

 To qualify, a loss must be attributable to a federally declared disaster and occur in an area determined by the President to warrant assistance by the federal government under the Stafford Act, such as Hurricane Irma. The deduction is limited to the “net disaster loss” which consists of the excess of personal casualty losses attributable to a federally declared disaster over personal casualty gains.  Turbo Tax will figure what is allowable based on how you answer the questions in the program.

https://www.irs.gov/businesses/small-businesses-self-employed/faqs-for-disaster-victims-calculating-...

https://blog.turbotax.intuit.com/tax-news/hurricane-victims-get-additional-relief-with-the-disaster-...

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