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Updated 6 months ago on .

User Stats

207
Posts
31
Votes
Mak K.
31
Votes |
207
Posts

Hurricane Damage Declaration- Tax Exemption?

Mak K.
Posted

How does federal tax exemptions or reductin for hurricane damages work? Texas had some hurricanes and I have properties (Market value $300K, Roof damages $25K). What is the strategy to maximize the tax reduction. Paperwork says depending on Level 1,2 3 the tax is reduced.  Below is article. How do I maximize my case? Anybody done it before?

https://vzcad.org/temporary-exemption-for-qualified-property...