The tax deadline is fast approaching.
Hurricane Ian ( Photo: Forbes )
Those affected by Hurricane Ian last year may be able to claim some of their losses on their tax returns
The Internal Revenue Service (IRS) has stated that if the loss was caused by a federally declared disaster, individuals may be able to “deduct casualty and theft losses relating to your home, household items, and vehicles on your federal income tax return.”
However, the website does mention that individuals cannot claim losses that are covered by insurance unless they filed a timely claim for reimbursement and reduced the loss by the amount of any expected reimbursement.
The IRS website provides more information on submitting a claim, and individuals can use the “Where’s My Refund?” tool or the IRS2Go mobile app to check the status of their return. The IRS advises that people can check the status of their 2022 income tax refund 24 hours after e-filing and four weeks after filing a paper return. Individuals can also check the status of their 2020 and 2021 tax year returns, but updates on those returns will not appear until three or four days after filing.
Hurricane Ian caused significant damage in various parts of the world in 2022
Individuals who were affected by the hurricane may be able to claim a portion of their losses on their tax returns. The IRS notes that if the loss was caused by a federally declared disaster, it can be deducted from the individual’s federal income tax return.
The website provides more information on how to submit a claim and also states that individuals cannot claim losses covered by insurance unless they have filed a timely claim for reimbursement and reduced the loss by the expected reimbursement amount.
In conclusion, individuals who were affected by Hurricane Ian last year may be able to claim some of their losses on their tax returns. The IRS website provides more information on submitting a claim, and people can use the “Where’s My Refund?” tool or the IRS2Go mobile app to check the status of their return.
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