Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left wondering how they're going to pay for the cleanup or when their businesses will be able to reopen. The good news is that there is relief for taxpayers - but only if you meet certain conditions. Let's look: Tax Relief for Homeowners Fortunately, personal casualty losses are deductible on your tax return as long as the property is located in a Presidentially declared disaster area as long as: 1. The…