Florida Hurricane Victims Urged to Get on Tax Break Train

Tom Gallagher says you can file claims for damages that are not covered by your insurance policy.

For “Good Samaritans” who gave shelter to evacuees from Hurricane Katrina, there’s an exemption worth up to $2,000.

Tom Gallagher, Florida Chief Financial Officer, says, "If you’ve assisted Hurricane Katrina victims, it gives you a deduction because you know that you spend money doing that, and although it was a charitable thing that you did and it was a wonderful thing that you did, you’re gonna get a deduction for it also and I think that’s fair."

Congress has also rolled back some of the tax filing deadlines, giving storm victims two extra months to file paperwork that would normally be due at the end of the month.