Records help people prove their disaster-related losses. More accurately estimated losses, in turn, can help people receive more recovery assistance like loans or grants.

It's important to remember that if you suffered property damage as the result of a disaster this year, you may be able to amend last year’s tax return. This could reduce the tax for that year.

Although New Jersey is a gross income tax state, losses may be federally deductible. Learn what is and is not deductible and how to claim a deduction on one's tax return.