Your Tax Insights from L&H CPAs

Casualty Losses Can Provide a 2017 Deduction, but Rules Tighten for 2018

Posted by L&H CPAs on Apr 16, 2018 9:35:56 PM

If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2017 federal income tax return. For 2018 through 2025, however, the Tax Cuts and Jobs Act suspends this deduction except for losses due to an event officially declared a disaster by the President.

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Sample - How To Post

Posted by Sample HubSpot User on Dec 13, 2017 3:59:42 PM
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