Unfair for Ike victims?

October 16, 2008 4:51:25 AM PDT
Hurricane Ike victims are being told they won't get the same tax breaks as people impacted by Katrina and Rita. The IRS allowed all uninsured losses to be claimed as tax deductions by affected residents after those storms. That's not the case with Ike. Uncovered losses have to be adjusted for gross income.

"The scope and size of it was much bigger and second, there was the publicity," said tax attorney Rhett Buck. "There was a lot more national publicity and concern about that disaster then there was about Hurricane Ike."

Depending on income and damages, some property owners may not qualify for a disaster deduction at all.

      Headline check | 100 most recent local stories | News alerts
            Slideshow archive | ABC13 wireless | Help solve crimes


Load Comments