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Contents It must be attributable to a federally declared disaster. You must include the FEMA code assigned to the disaster. The loss must exceed $100 per casualty, then increases to $500 for net qualified losses. ... There is a 10% adjusted gross income limit, but this does not apply to net qualified disaster losses.
7, that state tax relief is available to victims of Hurricane Ian in North Carolina. NCDOR will not assess certain late filing and late payment penalties for licenses, returns, or payments due from Sept. 28, 2022, through Feb. 15, 2023, if the license is obtained, the return is filed, or the tax is paid by Feb.
WASHINGTON ? Hurricane Ian victims throughout both North Carolina and South Carolina now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
The IRS posted a notice in September of 2022 detailing tax relief for Hurricane Ian. The confusion lies with the fact that Hurricane Ian was considered a ?qualified federal disaster? but the qualified disaster has not been listed as one of the ones eligible to take ?qualified disaster losses? for those impacted.
You may deduct any President or Governor declared loss caused by a disaster you suffered in California. California law generally follows federal law regarding the treatment of losses incurred as a result of a casualty or a disaster.
