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February 11, 2025
Question

Can I deduct home and personal property losses that were the result of a fire caused by a windstorm in WA State back in November?

  • February 11, 2025
  • 1 reply
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Date of loss was 11/20/2024. Home burned and lost 95% of all personal property inside the house.

    1 reply

    February 11, 2025

    You may be able to claim losses from a fire caused by a windstorm in November 2024. Here are the general parameters: 

    • Federal Disaster Declaration: First, check if the windstorm was declared a federal disaster. See Link below.
    • You need to itemize your deductions on your tax return to claim these losses
    • Only the portion of your losses that weren't covered by insurance or other reimbursements can be deducted
    • Keep detailed records of the damage, including photos, repair estimates, and insurance claims.

    You can verify if your property is in a federally declared disaster area by visiting the FEMA Washington State page

     

    Additional information: Uncle Sam to the Rescue