Victims of a Disaster, Fire or Theft May be Able to Claim a Casualty Loss Deduction
If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2016 federal income tax return. A casualty is defined as a sudden, unexpected or unusual event, such as a natural disaster (hurricane, tornado, flood, earthquake, etc.), fire, accident, theft, or vandalism. A […]
