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Kiplinger
Kiplinger
Business
Joy Taylor

How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared Disasters

A caution sign in front of storm clouds warning of hurricane season.

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our highly experienced team (Get a free issue of The Kiplinger Tax Letter or subscribe). You can only get the full array of advice by subscribing to the Tax Letter, but we will regularly feature snippets from it online, and here is one of those samples…

Hurricane Helene hit the U.S. in late September 2024, causing widespread devastation to Florida, Georgia, North Carolina, Tennessee and other states in its path. The destruction from Helene is expected to cost insurers around $6 billion, not including damage to boats, offshore property or losses to the National Flood Insurance Program. And Hurricane Milton has caused yet more damage to Florida. Other federally declared disasters this year include widespread flooding in Illinois, wildfires in Washington, tropical storms in Louisiana and Pennsylvania, Hurricane Debby, severe storms and flooding in certain states, and many other disasters.

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