When disaster strikes, the last thing you want to worry about is money. But if you’ve been affected by a natural disaster in Tennessee, you may be eligible for tax relief from the state.
Here’s what you need to know about Tennessee’s disaster tax relief programs.
What types of disasters are covered?
Tennessee’s disaster tax relief programs cover a wide range of disasters, including floods, tornadoes, wildfires, and earthquakes.
What tax relief is available?
The state offers a number of different tax relief programs for businesses and individuals affected by disasters.
Businesses can apply for a sales tax refund on purchases made for disaster relief. They can also get an extension on filing and paying business taxes.
Individuals can get an extension on filing and paying personal taxes. They may also be eligible for a property tax deferral if their property was damaged in a disaster.
How do I apply for disaster tax relief?
You can apply for disaster tax relief by contacting the Tennessee Department of Revenue.
When will I get my tax relief?
The amount of time it takes to process your tax relief request depends on the severity of the disaster and the number of applications the state receives.
What else do I need to know?
If you have questions about Tennessee’s disaster tax relief programs, you can contact the Department of Revenue at (615) 253-0600.
Sources:
https://www.tn.gov/revenue/taxes/disaster-relief.html
https://www.tn.gov/revenue/taxes/disaster-relief/businesses.html
https://www.tn.gov/revenue/taxes/disaster-relief/individuals.html