07/07/2026
Flood Tax Relief Update
We've had many clients ask whether the IRS has announced any tax relief for those affected by the recent flooding.
As of today, we're still waiting on official guidance from the IRS. As soon as it's released, we'll let you know exactly what it means for you.
While you're waiting, here are a few things to keep organized:
Your FEMA approval letters and payment information.
All insurance claim documents, including any payments you've received or expect to receive.
Photos and videos of the damage to your home, vehicles, business, or personal property.
Receipts for cleanup, repairs, temporary housing, replacement items, and any other flood-related expenses.
A list of any property that was damaged or destroyed.
Even if you've already started repairs, continue saving your receipts and documentation. Good records will be extremely important if disaster-related tax relief becomes available or if you qualify for a casualty loss deduction.
At Flash Tax, we're monitoring IRS announcements daily. Once official guidance is released, we'll explain any filing extensions, casualty loss rules, and other tax benefits that may be available.
As always, if you're a Flash Tax client and qualify for a disaster-related casualty loss claim, we will prepare that claim at no additional charge.
We're praying for everyone affected and remain committed to helping our community recover—one step at a time. 💙
Send a message to learn more