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posted Jan 16, 2025 9:33:19 AM

has turbotax updated the 2022 federal software to account for the changes under the new The Federal Disaster Tax Relief Act eliminating the 10 percent AGI limit?

The Act removes the 10% AGI limit on Hurricane Ian losses

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1 Replies
Expert Alumni
Jan 20, 2025 7:46:30 AM

As long as you have the disaster code entered properly then yes, the software recognizes Hurricane Ian losses for their full deduction.

 

@herb-phillips