Hurricane Katrina: Casualty Losses

Mississippi follows the IRS guidelines concerning casualty losses.

Affected taxpayers in the Hurricane Katrina Presidentially Declared Disaster Area have the option of claiming disaster-related casualty losses on their income tax return for either tax year 2005 or tax year 2004. Taxpayers who have previously filed a 2004 tax return may file an amended individual income tax return (Form 80-170) to report the casualty loss.​​

Individuals may deduct property losses that are not covered by insurance or other reimbursements (FEMA) on their Schedule A Itemized Deductions. Mississippi will follow federal provisions for calculation of the casualty loss.

Affected taxpayers claiming the disaster loss on last year's return should put "Hurricane Katrina" in blue or black ink at the top of the return so that we can expedite the processing of the return.​​

Article Date:   9/27/2005    |   Expiration Date:   9/27/2006

View all news >>

Recent News
Environmental Protection Fee Notice | 2/12/2018
​The reinstatment of the Environmental Protection Fee will begin on April 1, 2018
IFTA/IRP Services Offered in Meridian | 1/12/2018
Residential Construction Technical Bulletin | 11/21/2017
MARVIN Press Release | 10/2/2017
On October 9, 2017, Mississippi’s new tag and title network, MARVIN, will go live at the Department of Revenue and at all 104 county tax collector offices across this state. 

Relief to Hurricane Harvey and Irma Victims | 9/25/2017
​Due to the recent hurricanes-Hurricane Harvey beginning August 23, 2017 and Hurricane Irma beginning September 4, 2017-Mississippi will follow federal extensions granted to taxpayers who reside in the counties designated as federally declared disaster areas.​

1 - 5 Next