Homeowners Struck By Disaster May Get A Tax Break

By: Channel 6 News Email
By: Channel 6 News Email

Homeowners who have faced disaster could get some help at tax time.

The losses from disasters like floods and other events are deductible.

But you have to meet certain conditions to meet the standards of the IRS.

The loss has to come from an unexpected event that was sudden or unusual.

And the damages cannot be covered by insurance.

Also, you must itemize.

There are other conditions to meet as well.

For more information, go to the IRS website at www.irs.gov.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666 sixonline@wowt.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 129746453