The Federal Emergency Management Agency (FEMA) has announced that the president on May 6, 2016, determined that certain areas in Arkansas are eligible for assistance from the federal government under the Disaster Relief and Emergency Assistance Act (42 USC 5121) as a result of severe storms, tornadoes, straight-line winds and flooding during the period of March 8 to 13, 2016 (FEMA-4270-DR). Accordingly, taxpayers in the following counties who sustained losses attributable to the disaster may deduct the losses on their 2016 or 2015 federal income tax returns: Arkansas, Ashley, Bradley, Calhoun, Chicot, Cleveland, Columbia, Desha, Lincoln, Ouachita, Phillips and Prairie.
Texas Notice Amended
An April 25, 2016 notice (FEMA-4269-DR) in which certain areas in Texas were determined to be eligible for assistance under the Act has been amended. Taxpayers in the following counties who sustained losses attributable to the disaster may deduct them on their 2016 or 2015 returns: Austin, Colorado, Fort Bend, Liberty, Montgomery, San Jacinto, Waller and Wharton.