2019 Tax Law Changes

2019 - Itemized Deductions- Personal Casualty Losses

Personal casualty losses occurring in a tax year beginning after December 31, 2017 but before January 1, 2026 are not deductible, unless the loss is incurred as a result of a federally-declared disaster.

Note If you need professional help with "2019 Tax Law Changes" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.