TaxBox Newsletter

Keep up-to-date with important tax tips and article updates.

Join TaxBox

Not a member yet? Join the voice of thousands of taxpayers. Ask questions, get answers, receive tips & stay involved. Join TaxBox

TaxBox Search

Search TaxBox articles and knowledge base:

Disaster Area Loss

Definition of Disaster Area Loss:

Any loss occurring within a .disaster area. (as defined by the President of the United States). This loss may be taken on the tax return for the year prior to the disaster, thereby giving immediate tax relief to disaster victims.