Disaster Relief and Casualty Losses: What Tax Professionals Need to Know

Disasters can leave taxpayers financially and emotionally devastated—but they also trigger important tax relief options. Join us for a comprehensive webinar exploring how to guide clients through disaster-related tax issues, including casualty loss deductions, administrative relief, and safe harbor methods. We’ll cover how to use Form 4684, review recent changes under the OBBBA, and demonstrate relevant TaxAct tools. Real-world examples and IRS/FEMA guidance will help you confidently support clients affected by federally and state-declared disasters.

Learning Objectives By the end of this session, participants will be able to:

– Identify the types of disaster-related relief available to individuals and businesses, including administrative relief, tax relief, and safe harbor options.
– Differentiate between federally declared and state-declared disasters—and explain how each affects taxpayer eligibility for casualty loss deductions.
– Apply the correct method for calculating and reporting casualty losses using Form 4684.
– Use FEMA and IRS resources to determine disaster area eligibility and file correctly.
– Evaluate how changes introduced under the One Big Beautiful Bill Act (OBBBA) expand tax relief for state-declared disasters beginning in 2026.

Click  here to access the webinar replay and presentation.

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Opinions expressed by Jane Ryder are solely her own and do not necessarily express the views or opinions of TaxAct Professional. TaxAct is not responsible for, and expressly disclaims all liability and damages, of any kind arising out of use, reference to, or reliance on any third-party information.