Is tornado damage tax exempt?

Answer While the IRS does not exempt those who suffer tornado damage, it does allow itemized deductions of casualty losses in federally declared disaster areas. In addition, it can postpone deadlines for ... Read More »

Top Q&A For: Is tornado damage tax exempt

How Does a Tornado Cause Damage to Property?

A tornado can have a devastating impact on both life and property. According to the National Oceanic and Atmospheric Administration, tornadoes are a common occurrence in the central United States e... Read More »

If a tornado rips the chimney cap off a neighbor's house and it lands on your car hood does homeowner's or auto insurance pay for the damage?

AnswerYour auto policy will cover it as a 'comprehensive' loss (if you have comprehensive coverage).

How does a vacuum cleaner simulate a tornado How is it like a real tornado?

A Vacuum Cleaner is similar to a tornado because a vacuum cleaner sucks things up as does a tornado. Some people might say a tornado is God's vacuum cleaner.

Fair Labor Standard Act in Texas for Exempt & Non Exempt Employees?

Enacted in 1938 by President Franklin D. Roosevelt, the Fair Labor Standard Act (FLSA) sets minimum wage and overtime requirements for workers in the United States. Employers and employees in Texas... Read More »