Casualty Loss Tax Deductions May Help Disaster Victims in Certain Cases
Wildfires, severe storms, flooding, tornadoes and other disasters have victimized many Americans this year. No matter where you live, unexpected disasters may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims could claim a deduction on their tax returns. But currently, there are restrictions […]
