March 29, 2016 If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A casualty is a sudden, unexpected or unusual event, such as a natural disaster (hurricane, tornado, flood, earthquake, etc.), fire, accident, theft or vandalism. A casualty loss […]

via Tips for Deducting Losses From a Disaster, Fire or Theft — Boris Benic CPA