The federal and state governments are in the process of putting additional legislation in place to help hurricane victims. For more details, see Pub. 4492 on the IRS site.You may also find details at the IRS site for Help for Hurricane Victims: Information on Tax Relief, Charitable Issues
The measures that are already in place include the following:
- Suspended limits for certain personal casualty losses and cash contributions.
- An additional exemption amount if you provided housing for a person displaced by Hurricane Katrina.
- Election to use your 2004 earned income to figure your 2005 EIC and additional child tax credit.
- Increased charitable standard mileage rate for using your vehicle for volunteer work related to Hurricane Katrina.
- Special rules for time and support tests for people who were temporarily relocated because of Hurricane Katrina.
- Special rules for withdrawals and loans from IRAs and other qualified retirement programs.
You can also find additional information at Tax Relief for Hurricane Victims on the following subjects:
Tax Relief for Hurricane Wilma Victims
Tax Relief for Hurricane Rita Victims
Tax Relief for Hurricane Katrina Victims
Other Relief Granted Recently
Relief for Indiana Tornado and Storm Victims
Relief for New Hampshire Storm and Flooding Victims
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