In order for Hurricane Ian victims to claim their losses on their tax returns, there are several important steps you need to take before you file in 2023.

For those affected by Hurricane Ian, the 2023 tax season may indeed bring some much-needed good news.

“With regard to the tax credit for Hurricane Jan losses, taxpayers will be able to absorb the losses, the actual dollar losses,” said Marybeth Anderst, CPA.

Whether it’s drywall, timber or wood, Anderst says you have to keep an eye on it.

Damage from Hurricane Jan. CREDIT: WINK News

“Watch absolutely everything you spend, everything,” Anderst said.

But it’s not so easy for Ian’s victims, like Mitchell Mayving of Naples Park, who are still reeling from the damage.

“I try not to finish the list because it’s overwhelming,” Mayving said.

Mayving said his losses are in the six figures and still counting.

“Pool damage, patio damage, pool equipment damage that is not covered by any insurance,” Mayving said

Internal Revenue Service. CREDIT: WINK News

Those losses can be itemized, which Mayving says is great in theory.

“Let’s see, my accountant kind of tells me, you know, you need to list, get quotes on everything, on landscaping, on everything that’s not covered by insurance. In theory, you should be able to calculate it. If that happens, yes, it will be a huge help,” Mayving said.

Jan’s survivors don’t want another migraine.

“You start taking massive itemized deductions, and the chances of the IRS coming in and making your life miserable are very high,” Mayving said.

Marybeth said if tax season is too difficult to navigate, all you need to do is file for an extension to give yourself more time.

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