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pbranagan1109
March 5, 2025
Question

I had a fire in my home and my oil furnace died and flooded my basement. Can I claim the deductibles paid?

  • March 5, 2025
  • 1 reply
  • 0 views
In addition to the $2000 in deductibles I had to pay for the two claims, I had to incur the costs of getting a new stove and a new furnace. Is any of this deductible?

    1 reply

    AmyC
    AmyC
    Employee
    March 5, 2025

    No. Personal casualty loss is only deductible if it is related to a federal disaster. That used to not be the case and is scheduled to expire at the end of this year.

    Reference:  Publication 584, Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property)

    I am sorry for your fire and frustration.

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