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New Member
posted Mar 8, 2025 10:40:12 AM

If fema deposited funds into my account for a disaster relief, do I claim that on my taxes

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1 Replies
Expert Alumni
Mar 8, 2025 10:43:53 AM

No, you do not need to claim the FEMA funds as income, but if you are taking a disaster loss, you need to reduce the loss by the FEMA funds, insurance, or any other support.

 

See: Disaster Assistance with FEMA is Non-Taxable