Tax Tip 2023-67: After a disaster, affected taxpayers may qualify for tax relief

Internal Revenue Service (IRS) sent this bulletin at 05/15/2023 10:00 AM EDT

IRS Tax Tips

May 15, 2023

Issue Number: Tax Tip 2023-67

After a disaster, affected taxpayers may qualify for tax relief

Tax relief is available for people living in areas that are declared disasters by the Federal Emergency Management Agency. To find out whether an area qualifies for federal disaster relief, taxpayers should check DisasterAssistance.gov.

Find disaster assistance information from the IRS
Up-to-date information is available from these IRS resources:

Disaster Assistance and Emergency Relief for Individuals and Businesses. Information and resources for people and businesses affected by disaster.
IRS Twitter account. Links and current information on IRS disaster tax relief.
IRS disaster hotline at 866-562-5227. Taxpayers can call for disaster information.

Affected taxpayers have more time to file and pay
If taxpayers live at an address in an area that qualifies for IRS disaster tax relief, they automatically get extra time from the IRS to file returns and pay taxes.

Casualty loss tax deduction
If people have damaged or lost property due to a federally declared disaster, they may qualify to claim a casualty loss deduction and get a larger refund. They can claim this on their current or prior-year tax return.

Rebuild lost records with a tax return transcript
If people have lost their tax records, they can request a tax return transcript and a copy of their tax return from the IRS.

Taxpayers can get tax return transcripts online or request mail delivery with Get Transcript. Taxpayers can also file Form 4506-T, Request for Transcript of Tax Return.
To get a copy of a tax return, taxpayers can file Form 4506, Request for Copy of Tax Return. The IRS waives the fees and expedites these requests for people who need to apply for disaster-related benefits or file amended returns to claim disaster-related losses.

To speed up the process, taxpayers who file Forms 4506-T or 4506 should:

Write on the form that the request is disaster related.
Write the type of disaster and the state where it occurred.

People who relocate need to submit a change of address
After a disaster, people might need to temporarily relocate. People who move should notify the IRS of their new address by submitting Form 8822, Change of Address.

Small Business Administration loans and grants
The Small Business Administration offers disaster assistance to business owners, homeowners and renters in a federally declared disaster area. To qualify for an SBA loan or grant, taxpayers must have filed all required tax returns.

More information:
FAQs for disaster victims

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Tax Tip 2023-67: After a disaster, affected taxpayers may qualify for tax relief

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Issue Number: Tax Tip 2023-67