Quick Answer: How Long Does It Take To Get Your Money From FEMA?

Does FEMA take money from your taxes?

No – FEMA assistance is not taxable income, and does not affect benefits from any other federal program.

FEMA grants for rent, essential home repairs, personal property losses and other serious disaster-related needs not covered by insurance do not count as income..

What can FEMA money be used for?

Other Needs Assistance grants are intended to help replace essential personal property and meet disaster-related medical, dental and funeral expenses, childcare and moving and storage. Most FEMA disaster grants are deposited electronically to your bank account. A follow-up letter explains how the money should be used.

What will FEMA cover?

Disaster assistance may include grants to help pay for temporary housing, emergency home repairs for the primary residence, uninsured and underinsured personal property losses and medical, dental and funeral expenses caused by the disaster, along with other serious disaster-related expenses.

How long does it take FEMA to make a decision?

A. About 10 days after the inspection FEMA will decide if you qualify for assistance.

How does FEMA determine payout?

When determining the amount of money you will receive, FEMA looks at your actual loss. Actual loss is determined by adding all the physical damage done, and costs necessary to repair that damage. As well as including displacement costs for you while your home is being repaired.

What is the maximum amount FEMA will pay?

$34,900FEMA gives notice that the maximum amount of IHP financial assistance provided to an individual or household under section 408 of the Stafford Act with respect to any single emergency or major disaster is $34,900.