Question

Hurricane HELENE

Forum|Forum|1 year ago
March 24, 2025
1 reply
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Can insurance deductibles be written off?

If the hurricane is a federally declared disaster, you can claim the damage not covered by your insurance, such as your deductible, as part of your disaster loss. You would take this deduction on your Form Schedule A.

Note that the first $100 of your loss is not tax-deductible, but the remainder of the loss is tax-deductible to the extent that it exceeds 10% of your adjusted gross income.

Click here for Tax Benefits Available for Victims of a Natural Disaster

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