“Deducting Disaster Losses for Individuals:
Navigating the Rules”
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Wildfires, floods, hurricanes—disasters. The financial toll can be devastating.
You can deduct some disaster losses from your taxes. New rules allow certain disaster losses with amended returns for closed years.
Recent changes to tax laws have made it easier to qualify for this deduction—but only if the President declares your disaster a federally declared disaster.
Our latest article breaks down the following:
- Who qualifies for a deduction (and who doesn’t)
- The new tax rules that allow amended returns for losses incurred in some closed years if you file by December 12, 2025
If you’ve been affected by a disaster, read Deducting Disaster Losses for Individuals, Navigating the Rules now!
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“Deducting Disaster Losses for Individuals:
Navigating the Rules”