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Hurricane Florence Losses

Under current tax law, personal casualty losses from Hurricane Florence can only be claimed as an itemized deduction.  There is legislation pending in Congress that may change this treatment to allow a deduction for those taxpayers who do not itemize.  As of today, February 28, 2019, we are recommending that taxpayers with Hurricane Florence losses to extend their 2019 tax returns in anticipation of Congress passing relief provisions.

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