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IRS 1040 2025 Form North Carolina: What You Should Know
The relief will allow them to make a 1,000 credit against federal income tax instead of filing an amended tax return, which is subject to the 1,000 cap and penalties. More Tax Relief for Hurricane Tax Victims — IRS August 1, 2025 — Hurricane Ian is officially gone, but the damage it left behind is still being felt. A recent report from the U.S. Tax Policy Center estimated that the wind-driven storm that reached its worst point of destruction in North Carolina on Wednesday night (Sept 28) was the third most powerful hurricane to hit that state since records began in 1856. The storm, which weakened to a tropical storm, also left more than 7,000 people homeless, destroyed or threatened to destroy property worth more than 1 billion to 3 billion, and caused injuries to more than 1,700 people. The Tax Cuts and Jobs Act, also known as the Tax Cuts and Jobs Act, was passed by Congress and signed into law by President Donald Trump on August 2, 2010, in its first major action of the 21st century.
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