Protect Your Financial Safety in Case of a Natural Disaster

No matter where you live, you should be aware of possible natural disasters in your area and plan accordingly by considering the following tax tips:

• Update your emergency plan.
• Create electronic copies of all important documents.
• Document your valuables. Documenting ahead of time makes it easier to claim insurance and tax benefits if a disaster strikes.
• You can call the IRS at 866-562-5227 with any natural disaster-related questions. The agency can provide copies of previous tax returns, order transcripts showing most line items, and more.
• Net personal, casualty, and theft losses may be deductible if attributable to a federally declared disaster.

This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.

Tip adapted from IRS¹⁰

Footnotes and Sources

10. ^{IRS.gov, July 24, 2024}