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Deadline For Windstorm Tax Deduction is Monday

Did you have property damaged during the Dec. 1 windstorm? You may be eligible for a tax deduction.

San Gabriel Valley residents and business owners who had property damaged in the Dec. 1 windstorm won't get federal aid, but they are eligible for a tax deduction.

Last month, state legislators passed a bill that created a tax refund for people who suffered financial losses in the storm.

But if you want the deduction, you must file an amended return no later than Monday, Oct. 15.

See the attached form and instructions on how to get your windstorm damage tax deduction.

MStock October 11, 2012 at 05:42 pm
Thanks for posting the article. I just asked my accountant about it. She said a casualty loss is deductible if over 10% of our AGI. My loss was not that great. The article suggests there is a special bill that was passed specifically for the storm damage. Does anybody have more info on specifics and how to denote this on the 540X form? THANKS!

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Dan Abendschein (Editor) June 11, 2013 at 04:34 pm
Hi Susan, The graphic shows that in only one year from 2002-2011 were more Hispanics arrested thanRead More Blacks (2011) - if you hover your mouse over each point you can see the raw number of arrests for each group each year. That's despite there being a substantially larger Hispanic population in L.A. County. The data comes from the Dept. of Justice and was reported by the ACLU - and I believe the point of the report is that there is racial profiling going on, not to suggest that black people are using more pot. In fact, the study suggests that there is not significantly more prevalent pot use among any one racial group. The figure 2.6 times as likely refers to blacks vs. whites, as in mentioned in the first sentence of the article, and comes from the ACLU study. Our intention was definitely not sensationalism but rather to direct readers to this national ACLU study that included L.A. County data. Let me know if I can answer any other questions.