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Are Hurricane Insurance Claim Proceeds Taxed?
Nov 12, 2020
Arnold & Itkin LLP
Taxes are never fun. When a natural disaster is added to the mix, it can make them even more stressful than usual for those looking to recover from hurricane damage. If you’ve received compensation from an insurance policy for damage caused by a hurricane, you might be wondering if you need to set aside some of that money for tax purposes. Under ...