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jpitney
New Member

When will Turbo Tax be updated to reflect the Federal Disaster Relief Act of 2023 signed in Dec. 2024?

 
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MonikaK1
Employee Tax Expert

When will Turbo Tax be updated to reflect the Federal Disaster Relief Act of 2023 signed in Dec. 2024?

Please see this TurboTax tips article for information on 2025 IRS Disaster Relief.

 

TurboTax programming is based on the tax laws that apply to all taxpayers. Since disaster relief only applies to affected individuals, the program itself isn't updated, but you can use TurboTax to request penalty waivers and to claim qualifying casualty losses, where TurboTax asks if you are affected by a Federally declared disaster.

 

If you are looking for the latest IRS information on Tax Relief in Disaster Situations, please see this IRS webpage for details.

 

The IRS can waive the underpayment penalty in the event of a natural disaster. If you have been impacted by a federally declared disaster area, please revisit the topic of Underpayment Penalties under Other Tax Situations and answer accordingly based on your situation.

 

When you get to the question about Penalty Waivers, which includes disaster declarations, answer Yes. Answer Yes to whether you want to request a penalty waiver. TurboTax provides an entry field for an explanation to be included in your tax return as to why you qualify for a waiver of the penalty.

 

See also this TurboTax Blog article. TurboTax prompts users in different stages of return preparation for information pertaining to disaster relief where it may apply.

 

If you are in California, see this webpage for more information from the California Franchise Tax Board. 

 

See this webpage for Alabama information.

 

See this webpage for Georgia news releases.

 

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