Each year, hurricanes and other natural disasters leave widespread damage in their wake. In addition to property losses, disasters can have an effect on victims’ taxes. The IRS wants taxpayers to know that when a disaster strikes, the agency is here to help.
Here are some resources taxpayers can find on IRS.gov:
Share this tip on social media — #IRSTaxTip: Taxpayers can get tax help after hurricanes and other natural disasters https://go.usa.gov/xPmgB
Additional time to make refund claims for wrongful incarceration exclusion: File back-year claims by Dec. 17, 2018, at special address
WASHINGTON — The Internal Revenue Service announced that wrongfully incarcerated individuals have additional time to take advantage of the retroactive exclusion from income for any civil damages, restitution or other monetary award received in connection with their incarcerations. Under the Bipartisan Budget Act of 2018, a wrongfully incarcerated individual now has until Dec. 17, 2018, […]