Taxpayers, Victims Benefit From Katrina Tax Bill
Oct 10, 2005
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By Grace W. Weinstein
The new Katrina Tax Act provides tax breaks not only to Gulf Coast disaster victims, but to people who have helped with the recovery effort in one way or another. Clients who have made charitable donations, hired evacuees, borrowed from their IRAs, opened their homes to displaced families, donated leave, or just driven business miles will enjoy some savings on their 2005 tax bill.