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Income Taxes › Hurricane Harvey

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Akerman LLP

The Impact Of Hurricanes Irma And Harvey On Snowbirds And Residency Requirements

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Snowbirds need to be concerned about their residency status for income tax purposes in light of Hurricanes Harvey and Irma. Clients who retreated to New York or clients who had planned to travel from New York to Florida but...more

Jackson Walker

Tax Deductions are Available for Taxpayers with Hurricane Harvey-Related Damage and Loss

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Taxpayers that have sustained property damage (for example, damage to homes and vehicles) as a result of Hurricane Harvey may be entitled to deduct the amount of such casualty loss against their income for federal income tax...more

Bowditch & Dewey

Rebuilding After Hurricanes Harvey and Irma: Recovery Through Tax Deductions

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It is estimated that less than 20% of those affected by Hurricane Harvey, and a week later Hurricane Irma, had flood insurance. Home owner’s and renter’s insurance policies exclude damage caused by floods. Those affected...more

Jackson Walker

The IRS Has Extended Tax Deadlines for Victims of Hurricane Harvey

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The Internal Revenue Service has provided for a measure of relief to individuals and businesses that have been impacted by Hurricane Harvey. As described in Information Release-2017-135, the relief extends the deadline to...more

Jackson Walker

Texas Comptroller Glenn Hegar’s Hurricane Harvey Relief Initiatives

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1. Hotel Occupancy Tax Declared Exempt For Evacuees and Relief Workers - The Governor of Texas, by way of proclamation, has exempted evacuees and relief workers from state and local hotel taxes.  Currently the Governor’s...more

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