Construction Law

Virginia Residents Affected by Chinese Drywall May Qualify for Tax Deduction

Virginia homeowners affected by the defective Chinese drywall crisis may qualify for special tax deductions. According to Virginia Senator, Jim Webb, the Internal Revenue Service (IRS) has declared residents in the Hampton Roads area whose homes have been severely damaged by Chinese Drywall able to qualify for the special tax deductions. Qualifying taxpayers may be eligible to claim tens of thousands of dollars on their tax returns for the damage Chinese drywall has caused them.

Senator Webb's office states that the drywall has been linked to health problems for homeowners and their families. Some homeowners have been forced to relocate and pay for a new home in addition to the mortgage on their tainted house. According to the U.S. Consumer Product Safety Commission (CPSC), most Chinese drywall cases have been found in Virginia, Florida and Louisiana. The CSPC also revealed new concerns that drywall fumes not only corrode air conditioning coils, but other appliances in homes such as refrigerators and stoves.

If you suspect your home may be built with defective Chinese drywall, contact us here for a free no obligation case review.

Full post as published by Construction Litigation Law Blog on July 24, 2009 (boomark / email).