I had a burst pipe in my house in 2024, resulting in about !2,000 in repairs. It was not a federal disaster. All was covered by insurance except my $1,000 deductible.
I had a burst pipe in my house in 2024, resulting in about !2,000 in repairs. It was not a federal disaster. All was covered by insurance except my $1,000 deductible.
Sorry----that is not deductible on your tax return.
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You can no longer claim a casualty loss (miscellaneous deduction) as an itemized deduction on your federal tax return that isn't a federal disaster. This change is a part of the Tax Cuts and Jobs Act of 2018. Some states may allow miscellaneous deductions.