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Do the Midwestern Disaster Tax Relief benefits still apply in 2009?
After declaring many areas of the midwest Federal Disaster Areas in summer of 2008, Congress modified tax law to provide relief for those living, working, and attending school in affected areas. Concerning education credits, IRS publication 4492-B states the following:
"The education credits have been expanded for students attending an eligible educational institution located in a Midwestern disaster area (Midwestern disaster area students) for any tax year beginning in 2008 or 2009." (p. 9)
I took expanded credits in 2008, but this document seems to imply that the benefits are applicable in 2009 as well. Is this true?
2 Answers
- Anonymous1 decade agoFavorite Answer
It applies. You are a cash-basis taxpayer (99.99% of people are and the ones that aren't know it), so your tax year begins 1/1/2009 and ends 12/31/2009. Thus the tax year is "beginning... in 2009."
http://www.irs.gov/app/vita/globalmedia/8863.pdf clearly shows a reference to Midwest Disaster.
- 1 decade ago
i don't know the answer, sorry! But call their number. It is on the website. They were very helpful to me.