“OBBBA Falls Short on Casualty Relief
but Yields a Small Win”
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with all the details…
$80,000 uninsured loss. $0 tax deduction.
Presidential disaster declaration required. Two calculations that eliminate deductions even when you qualify.
One exception bypasses everything.
No declaration needed. No deduction-killing calculations. Works for any casualty loss.
Plus: A timing move that can double your benefit. But only for federal disasters—OBBBA excluded state ones.
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CLICK HERE to read my completely new article titled:
“OBBBA Falls Short on Casualty Relief
but Yields a Small Win”