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

[howief-16]

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

[Texas Roger]

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.

[Texas Roger · Accepted solution]

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.