Finance Issues After a Disaster
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Finance Issues After a Disaster
Some issues related to financial issues after a disaster include:
- Replacing Lost Documents
- Tax Relief After A Disaster
The legal timeline below goes over the various financial legal needs that a disaster survivor might encounter. Expand each section of the timeline to learn about the various other issues a disaster survivor might face. Each issue below is included as information in the relevant tabs on this page.
Financial Legal Needs After a Disaster
These are some of the short-term 1 to 6 weeks after a disaster event issues related to finance that disaster survivors might face:
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Replacing Lost Documents
These are some of the medium-term - 1 to 6 months after a disaster event issues related to finance that disaster survivors might face:
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Replacing lost documents
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Applying for disaster tax relief options
These are some of the long-term - 6 months to years after a disaster event issues related to finance that disaster survivors might face:
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Applying for disaster tax relief options
Replacing Lost Documents
Replacing Lost Documents
- Replacing Documents Lost in a Disaster
Disaster survivors may need to replace documents and necessary documents that got destroyed or damaged as part of a disaster. Replacing lost documents or other documents may be necessary to apply for or restore benefits immediately after a disaster. Disaster survivors might want to take steps to make copies of important and necessary documents to save documents in the event of a disaster. Disaster survivors may need to access identity documents quickly after a disaster. Safeguard copies of necessary documents to prepare for disaster events and prevent issues with access if a document is damaged or lost.
Learn more about replacing documents lost in a disaster by visiting the resources:
Tax Relief
Tax Relief
- Applying for Disaster Tax Relief Options
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Disaster survivors might want to explore some options to relieve themselves of certain duties to pay taxes after a disaster. Disaster survivors can explore various tax relief options for taxpayers who have a filing obligation and whose income falls below certain income thresholds. Extensions of filing and payment deadlines; deductions and qualified disaster losses; recoupment; option to amend tax returns for fast relief; tax-exempt assistance; withdrawals from retirement accounts, and access to past tax information are all potential forms of tax relief.
To learn more about applying for disaster tax relief options check out the resources available: