Skip to main content
April 13, 2025
Question

I experience of my personal property that insurance denied. How do I file the loss?

  • April 13, 2025
  • 1 reply
  • 0 views
I experience thief of my personal property that the insurance denied. How do I file this loss?

1 reply

April 13, 2025

This loss is not deductible.

 

The tax treatment of personal casualty losses and thefts is changed under the Tax Cuts and Jobs Act. Pursuant to the TCJA, the itemized deduction for personal casualty and theft losses is temporarily limited in tax years 2018 through 2025 solely to losses attributable to federally-declared disasters.

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"