After tornadoes ripped through Texas, Oklahoma, and Louisiana, those states were declared a state of emergency. If you were impacted by the recent tornadoes, we want you to know TurboTax is here to keep you up to date with important tax relief information that may help you in this time of need.
Typically once FEMA designates an area as a federal disaster, the IRS provides relief in the form of extended tax deadlines and other tax relief. While the Federal Emergency Management Agency (FEMA) has yet to declare the recent events as a disaster and the IRS has not released a statement on specific relief efforts for victims in Texas, Oklahoma, and Louisiana, it is possible that they will do so in the coming days.
Check back with the TurboTax blog for the most up to date information on tax relief for victims of the recent tornadoes. As information develops and we receive details on possible localities that may be eligible for tax relief we will provide updates.
If you were a victim of the recent natural disasters or previous ones check here for more Tax Benefits for Available for Victims of Natural Disaster.
If you are not a victim, but you are looking to help those in need, this is a great opportunity to donate or volunteer your time to legitimate 501(c)(3) not-for-profit charities who are providing relief efforts for tornado victims.
Check back with the TurboTax blog for more updates on disaster relief.