Question about Natural Disaster funds received from FEMA

[becki3769]

I was on a joint application for FEMA assistance this year with my mother who I reside with. I have no ownership in the property, however myself and my children were impacted by the floods with loss of personal property etc. My question is- is there an additional form or something I need to complete because I received joint funds with my mom from FEMA for assistance in rebuilding? Please advise.

[JohnR1 · Accepted solution]

You do not have to include the FEMA assistance which you received in your federal tax return, or enter it into TurboTax - FEMA assistance is not taxable income, and does not affect benefits from any other federal program.

 FEMA grants for rent, essential home repairs, personal property losses and other serious disaster-related needs not covered by insurance do not count as income.

 For more information, please see the following IRS webpage with FAQs for Disaster Victims about FEMA mitigation payments:

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