Tropical Storm Lee hit the Georgia area hard on Labor Day much like Hurricane Irene hit the East Coast last weekend causing extensive damage. If you suffered damages from these weather systems, you may qualify for tax breaks.
Kiplinger’s Personal Finance explains how you may qualify for a tax break to offset severe weather costs that aren’t covered by your insurance. There is also a calculator online to help you figure out what your tax deduction should be. Don’t miss out on help from Uncle Sam to cover your severe weather damages.
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The Georgia Insurance Commissioner has not released an estimate on damage from Tropical Storm Lee.