Does vitcim people from hurricane katrina get more tax than regular people?

Question

THe reason why I ask you this because my boyfriend is a survivor from Katrina and he moved in tennessee so that how I met him. So he work for the government for 17 years. He have two tax is one for state in Louisanna and other tax for federdal in Tennessee so it been one year since the hurricane katrina. He got 12 checks from tax, 6 for states and 6 for federdal. All total is 18 thousands dollars but he make 37 thousand dollar a year. He is going to file the tax in this friday. Other people that he work with that some of worker are victim too and they get a lot tax. I don't know if they pay too much or it is because he is victim?

Answer 1

Yes, here are a few of the more common tax breaks:

Taxpayers can deduct up to 50% of clean up costs in the year they are paid or incurred.

If a taxpayer takes a distribution from a 401k or pension, those are tax free if you are in a GO Zone. Up to $100,000.

For 2005 and 2006, individuals can claim an additional personal exemption of $500 for each Hurricane Katrina displaced individual, up to a maximum of $2,000 for both years.

Students attending eligible education institutions in the GO Zone are eligible for increased Hope and Lifetime learning credits.
Hope increases to $3,300 and Lifetime increases to 40% of the first 10,000 of qualified expenses for a maximum of $4,000.

Answer 2

Yes, there is a tax break for people affected by Hurricane Katrina.

Answer 3

There are some special tax breaks for Katrina victims. He should see a CPA (NOT someplace like H&R Block) to be sure he takes advantage of anything he's eligible for.

Answer 4

You might want to have your boyfriend talk to a CPA (someone certified to do taxes) and not the 'friends' at H & R block who do taxes for two months after 3 weeks of training.
GOOD LUCK

Answer 5

it may seem so.. i will bear in mind as a teenager Cyclone Tracey that struck Darwin, yonks in the past that grow to be, seems those 'dames' have been inflicting huge injury & destruction ever on account that, with maybe the exception of Hugo.