Hurricane Recovery Zoom Series - Tax Strategies Post-Hurricane Helene
ID
APSC-208NP
This publication is available in a video file format only.
In the wake of Hurricane Helene’s impact on Virginia, farmers and livestock producers must navigate the financial challenges of flood recovery, including tax implications. Disaster-related expenses, property losses, and relief programs can affect tax filings, with potential deductions and credits available to offset recovery costs. Understanding the tax treatment of damaged assets, federal disaster assistance, and potential deferrals on income from livestock sales is crucial for financial stability. This presentation provides an overview of key tax considerations after flooding, helping producers make informed decisions to maximize relief benefits and maintain long-term economic resilience.
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Virginia Cooperative Extension is a partnership of Virginia Tech, Virginia State University, the U.S. Department of Agriculture, and local governments. Its programs and employment are open to all, regardless of age, color, disability, sex (including pregnancy), gender, gender identity, gender expression, genetic information, ethnicity or national origin, political affiliation, race, religion, sexual orientation, or military status, or any other basis protected by law.
Publication Date
April 14, 2025
