Other Deduction Questions
Question: I am in a disaster area and heard the IRS could help me. What can the IRS do?
Answer:
If you have been affected by a federally declared disaster, the IRS may help you by:
- Allowing additional time for filing returns and making payments, and in some circumstances, waiving interest and penalties if the disaster has caused you to file or pay late.
- The IRS may also provide copies or transcripts of previously filed returns free of charge.
- You may be eligible to claim a casualty loss deduction on the prior year's tax return or, if you have already filed, by submitting an amended return (Form 1040X).
Additional Information:
- Tax Topic 515, Casualty, Disaster, and Theft Losses (Including Federally Declared Disaster Areas)
- Publication 2194 (PDF), Disaster Resource Guide for Individuals and Businesses
- The Newsroom, Tax Relief in Disaster Situations
- Publication 547, Casualties, Disasters, and Theft
Category: Itemized Deductions, Standard Deductions
Subcategory: Other Deduction Questions
