Sunday, March 20, 2011

From The Sun: Highland Flood Victims May Receive Tax Breaks

The San Bernardino Sun is reporting that Highland homeowners whose homes were damaged by storms in December may be eligible for federal tax breaks going back to 2009:

..."By amending their 2009 tax return to claim disaster losses from 2010, homeowners may qualify for additional deductions under the National Disaster Relief Act of 2008," said Insurance Information Network of California Executive Director Candysse Miller. "The relief act allows all taxpayers, not just those who itemize, to claim a deduction for catastrophe losses regardless of their income level"...

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