If the House Republican tax bill became law, victims of hurricanes in Texas and Florida who have yet to account for all their losses could deduct them on their 2018 taxes. Not so for victims of the California wildfires. If the Senate version prevailed, victims of all federally declared disasters – a category that covers victims of both hurricanes and the wildfires – could deduct their losses.
Stories Related to Tax Reform Bills Treat Disaster Victims Differently – Some Get Help, Some Don’t
NICHOLAS RICCARDI - Associated Press, Portland Press Herald
Tue, 12/12/2017 - 6:43pm
Sections: u.s.
Topics: Maine Cumberland County Portland
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