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Category Archives: Taxes

Deduct Uninsured Losses via Casualty Loss Tax Deduction

Saturday, November 4, 2006

Unfortunately, sometimes an event will occur that your homeowner’s or renter’s insurance won’t cover (say flood damage if you don’t have separate flood insurance or a jewelry theft without the necessary jewelry riders) and in those cases there may be a way for you to recover part of the financial impact. If there was a [...]

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Theft and Casualty Loss Tax Deduction

Thursday, June 15, 2006

This is a scenario that some in the areas affected by Hurricane Katrina are facing and it’s ugly. If your home is destroyed or damaged in some sort of accident or act of nature/God and your homeowners insurance doesn’t completely reimburse you, you might be able to claim it as a casualty loss deduction on [...]

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