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
Taylor Press Release | 5/2/2018
An indictment obtained by investigators with the Mississippi Department of Revenue, charged Richard A. Taylor, age 45, with five (5) counts of tax evasion.​ 

Bearden Press Release | 4/16/2018
​Bobby Wayne Bearden is charged with possession of an illegal distillery and possession of moonshine. 

Horn Lake Occupancy Tax | 4/5/2018
Reinstatement of the occupancy tax of $2.00 per room rental from a hotel or motel located in the City of Horn Lake. Effective May 1, 2018.
Southaven Restaurant Tax | 4/5/2018
Reinstatement of the 1% tax imposed on the gross proceeds of sales of prepared food and beverages at restaurants located in City of Southaven. Effective May 1, 2018.

Request For Lease Proposal Brookhaven District Office Proposal Questions and Answers | 3/27/2018
1 - 5 Next