03/12/2025
Good morning!
We have our directions from IRS regarding the Disaster Relief Act that was signed into law.
We can go back and amend the tax return for the year in which your Ida claim was completed with FEMA or your Insurance.
WHAT THAT MEANS FOR YOU . . .
If you didn't have enough expenses to use on your tax return, we should be able to use them now.
Also, if you DID use your expenses, we should be able to refigure your deductions without the old limitations and see if it would get you a larger refund.
WHAT YOU NEED TO DO . . .
Please get your insurance paperwork with the final payments, estimates, and deductible and call to set up an appointment so that we can see if amending your tax return will get you a larger refund.
THERE IS A TIME LIMIT . . .
As of right now, IRS has not extended the three year deadline for amending the 2021 tax return, so we MUST FILE THE AMENDMENT BY APRIL 15TH OF THIS YEAR.
Please call the office with any questions you have.