Politics & Government

Flood Victims Can Claim Natural Disaster Income Tax

Residents whose property was damaged during last year's floods may qualify for a $750 credit.

As the 2018 tax filing season officially begins, Senator Melinda Bush (D-Grayslake) is reminding Lake County residents whose property was damaged during last year’s floods that they may qualify for her $750 Natural Disaster Income Tax Credit, according to a news release from Bush's office.

“With tax season officially underway, it’s important that local residents know about the Natural Disaster Income Tax Credit and are able to take full advantage of it,” Bush said. “Last year’s flooding cost Lake County residents thousands of dollars in damage. Representative Yingling and I created the Natural Disaster Income Tax Credit to provide relief to those who were financially impacted by the floods.”

To claim the Natural Disaster Income Tax Credit, individuals must submit a completed IRS Form 4684 and provide proof of loss documentation to their local township assessor’s office, according to the press release.

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The required forms can be found on Bush’s website: www.SenatorMelindaBush.com. Individuals with questions about the tax credit should call her district office at 847-548-5631 or visit www.SenatorMelindaBush.com.

Photo credit: Amie Rowland/Photo caption: There was severe flooding in neighborhoods along the Chain O' Lakes. Many homes were underwater near Nippersink Drive east of Fox Lake Road Monday morning.

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