If you or someone you know has been impacted by Hurricane Helene, we want to make sure you're aware of the financial relief options available. From tax breaks to federal assistance and deadline extensions, there are several ways to ease the financial burden. At Holden Moss, CPA, we’re here to help you make the most of these opportunities.

Key Relief Programs

• IRS Tax Extensions & Relief: The IRS is offering extended deadlines for filing taxes and paying what’s due. You may also be able to deduct losses related to the disaster to reduce your tax bill.

• FEMA Grants & SBA Loans: If you've faced property damage or other losses, grants and low-interest loans may be available to cover expenses not covered by insurance.

These programs can be lifesavers, but understanding how they work and applying them to your situation can get tricky. That’s where we come in.

Claiming Disaster-Related Losses on Your Taxes

If you've suffered property damage or financial losses due to Hurricane Helene, you might be able to deduct those losses on your taxes. The IRS allows you to claim these losses either on your current year’s return or last year’s return—whichever provides the most benefit. This flexibility can help you receive financial relief more quickly. Make sure to keep detailed records of your losses, including photos, receipts for repairs, and insurance claims. These documents will be crucial when claiming your deductions.

Let Us Handle the Details

At Holden Moss, CPA, we will help our clients access all the relief and tax benefits they’re entitled to. If you or someone you know could use assistance, please reach out to us at 919-556-6216. We’re ready to help you get the relief you need.