Anonymous asked in Business & FinanceTaxesUnited States · 1 month ago

Why doesn't California get the natural disasters tax break?

"Affected" means that you were living in the area where the disaster occurred and you suffered a loss as a result of the disaster. This applies to your taxes this year if the loss happened between January 1, 2018 and February 18, 2020. Unfortunately, the California Wildfires that occurred in 2018 do not qualify for these tax breaks.

You can calculate the date you suffered the loss by looking at the date your insurance claim was settled. Or,if your loss was not insured, use the date of the actual loss.

A loss can also mean that your income changed as a result of the disaster. Use the earliest date that your income decreased.

3 Answers

  • 1 month ago

    Probably because those fires were caused by people, they were not natural disasters.

  • Anonymous
    1 month ago

    I was in a tornado. FEMA declined to call us a disaster area too.  Note, insurance was always a better deal.

  • 1 month ago

    California's who suffered a loss due not qualify because the law congress created did not include these disasters.

    - Interesting that Kamala, Diane, and Nancy allowed this to happen.

    No, there is no way to skirt the law. 

Still have questions? Get answers by asking now.