I live in the Hurricane Michael affected area in Florida. Is there any tax credit relief for those in this area?

 
howief-16
New Member

State tax filing

I am still working through insurance claims for Hurricane Michael.  Will I be able to deduct those losses in 2019 or must I claim them only in 2018

State tax filing

If they can't be deducted in 2019, you should be able to amend your 2018 return to deduct them. Because of the thresholds required for the deduction (amount more than 10% of your AGI), all your expenses should be claimed in the same tax year.

State tax filing

If you live in a federally declared disaster county in Florida, you can claim a casualty loss for unreimbursed expenses resulting from damages caused by the hurricane. You can only deduct the amount less $100 in excess of 10% of your Adjusted Gross Income. See this for counties in the disaster areas: https://www.fema.gov/disaster/4399

To find where to enter it, type casualty loss in the search box and click on jump to casualty loss. 

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