Disaster Tax Relief for 2016 Flood Victims
In 2017, Congressman Graves introduced H.R. 2849, the Louisiana Flood and Storm Devastation Act of 2017, which would grant homeowners and individuals emergency tax relief. Graves and others successfully fought to ensure that these disaster-related, tax relief provisions were included in the major tax reform legislation recently enacted.
Now, the IRS has released its guidance for this disaster tax relief, which should mean savings for flood victims in South Louisiana. Watch a short video below for more information.