Home Damaged by Hurricane Sandy? Get Some Tax Relief
If Hurricane Sandy damaged your home, you may face months of waiting for much-needed repairs and insurance reimbursements. But you might find some relief from an unlikely source - the IRS.
If Hurricane Sandy damaged your home, you may face months of waiting for much-needed repairs and insurance reimbursements. But you might find some relief from an unlikely source - the IRS.
Hurricane Sandy caused the evacuation of more than a million homes in the Northeast and an estimated $10 billion to $20 billion in damages -- a costly and long cleanup process that for many homeowners looks seemingly insurmountable. But it can be done.
A hurricane can be the ultimate equalizer. No matter where on the socio-economic spectrum they stood before the storm, its victims afterward had many of the same needs: food, shelter, electricity and flushable toilets. But some "necessities" are of a more sophisticated nature.
Experts say the oncoming storm could be wider and stronger than Irene, which caused more than $15 billion in damage, and might rival the worst East Coast storm on record. Here's how to deal with the potential damage of Sandy, the so-called Frankenstorm.



