senator rick scott Archives - Gulf Shore Association of Condominiums

The U.S. House of Representatives Overwhelmingly Passed H.R. 5863
The U.S. House of Representatives Overwhelmingly Passed H.R. 5863

The U.S. House of Representatives Overwhelmingly Passed H.R. 5863

If you sustained damages, including special assessments from your condo association, from Hurricane Ian and were not able to claim a casualty loss on your federal tax return because the loss did not exceed 10% of your adjusted gross income, there is still hope. With a vote of 382-7, the U.S. House of Representatives overwhelmingly [...]

By GSACNaples|2024-07-08T14:59:55+00:00July 8th, 2024|News|0 Comments

Supporting the Passage of the Hurricane Tax Relief Act
Supporting the Passage of the Hurricane Tax Relief Act

Supporting the Passage of the Hurricane Tax Relief Act

A number of our residents have expressed concern that they will be unable to deduct on their federal tax return substantial casualty losses incurred as a result of Hurricane Ian. This is due to the IRS’s failure to explicitly label Ian-related losses as a “qualified disaster loss.” This could mean, for example, that taxpayers will [...]

By GSACNaples|2023-04-19T16:29:39+00:00April 18th, 2023|News|0 Comments