How to Claim Disaster Relief Credit Benefits For Low Income Tax Refunds

• Author: Michael Bordonada
• Posted: 2024-10-30

If you're trying to get your tax refund, claiming disaster relief credit benefits is one way to go. The program was originally introduced in 2017 in response to wildfires and hurricanes, but has now been extended to 2020. You can claim disaster credits retroactively, and you can even claim them for refunds you've already received. If you've been affected by Hurricane Ida, you may even qualify for an extension.

If your home was damaged by a hurricane, tornado, or other natural disaster, you may be able to claim a disaster relief tax credit. If you were able to use it, you will get an accelerated tax refund. The IRS will waive the normal fee to make copies of past tax returns for you. If you're a low-income taxpayer, you may benefit by amending your return to take advantage of the disaster relief tax credits.

If you're a single parent with children, you can claim up to five hundred dollars from the federal and state governments for qualifying costs. If you are a single parent, you can also claim a maximum of six hundred dollars from the IRS. It's a good idea to register all dependents with the IRS, too. You may also get a refund from the VA if you are unable to get a job.

Remember, though, that if you're a small business owner, you should not wait until the last minute to file your taxes. Federally declared disasters can add to the stress for even the most diligent of taxpayers. Fortunately, the IRS has a long history of postponing tax deadlines and extending deadlines. Generally, business owners can extend their deadline for payroll taxes, and penalties are waived on new post-disaster dates. Individuals who maintain financial records in a disaster area can also claim the same extensions.