The Federal Government offers relief to those in areas who were impacted by certain Presidentially declared disasters. Federal casualty losses, disaster losses and qualified disaster losses are three categories of casualty losses that refer to federally declared disasters. The requirements for each loss vary. For more information, see Publication 547 or the Instructions for Form 4684.
To indicate you were affected by a Presidentially declared disaster, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Taxes & Miscellaneous.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Other Return Info drop-down.
Click Add beside Disaster Designation.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Basic Information drop-down, then click Disaster tax relief.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Basic Information drop-down, then click Disaster tax relief.
Complete the rest of the interview process.
For residents affected by natural disasters (hurricanes, floods, fires, etc.), when you select your resident state you may be prompted to answer additional questions related to disasters in that state.
In 2021, there was an election to use your 2019 earned income to figure your 2021 earned income credit.
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