The Disaster Tax Relief and Airport and Airway Extension Act of 2017 (the Disaster Act) included several tax relief provisions for Hurricane Harvey, Irma and Maria victims. If your business or personal property was impacted by the recent disasters or you contributed toward relief efforts, chances are these provisions may apply to you.
With 2017 coming to a close, Doeren Mayhew’s tax advisors highlight five key tax relief provisions to consider during year-end tax planning:
If you are a Texas resident and/or business located in a federally declared disaster area, these additional tax relief provisions may apply:
To ensure you or your business is taking advantage of these tax relief provisions, and or to explore other tax savings opportunities before year end, contact Doeren Mayhew’s tax advisors today.
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