Owens Pushes Tax Relief for New Yorkers Affected by Natural Disaster
Feb 14, 2012 -
Congressman Bill Owens (NY-23) outlined federal tax relief today for New Yorkers affected by severe weather last year. Hurricane Irene and Tropical Storm Lee caused untold amounts of damage for many New Yorkers, and as they continue to recover from their losses, Owens wants to ensure that those affected get every penny of tax relief available. Tax relief provisions are available for Presidentially-declared disaster areas in New York that were eligible for Individual Assistance, which includes Oneida, Clinton, and Essex counties.
“As New York continues to rebuild in the wake of spring flooding, Hurricane Irene, and Tropical Storm Lee, it is critical that those affected have all the support available to get their lives back in order,” Owens said. “I urge those impacted by severe weather to take a look at the information my office has available, and apply for this tax relief if eligible.”
Owens outlined provisions for which many New Yorkers in areas affected by severe weather may qualify:
- Individuals and businesses that sustained damage may be eligible to deduct storm-related losses from their income tax returns.
- Taxpayers who reside or have a business in a disaster area may be eligible for extended deadlines from the IRS.
- Taxpayers who lost tax documents due to Irene may be eligible to receive replacement documents free of charge.
The campaign to raise awareness for this tax relief is the latest in a series of efforts by Owens to help victims of natural disasters get back on their feet. In December, Owens introduced a bill to waive fees for residents whose passports were lost, damaged, or destroyed during a natural disaster. Earlier, Owens authored legislation that would lower interest rates on federal disaster relief loans provided to businesses and homeowners.
More information can be found on Owens’ website at http://owens.house.gov/Links/relief.htm
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