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Tax relief available for Arkansas tornado victims

Posted: May 1, 2014 - 12:16pm

Tax relief available for Arkansas tornado victims

LITTLE ROCK, Ark. (AP) — Faulkner County residents affected by this week’s tornado are eligible for special tax relief with the Arkansas Department of Finance and Administration.

The agency says taxpayers in Faulkner County who have issues affecting their ability to file or pay sales and use tax, withholding tax, corporate income tax or any other state taxes as a result of the storms should contact DF&A for a deadline extension.

The agency also says that property losses attributed to the tornado can be deducted as a loss on income tax returns.

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