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March 4, 2025
Question

is the insurance deductible on a home repair deductable?

  • March 4, 2025
  • 1 reply
  • 0 views
our home was damaged from a tornado/storm, repaired by insurance claim. is the "deductible" deductible?

    1 reply

    DoninGA
    March 4, 2025

    No, it would not be deductible as a Casualty loss on federal tax return if the damage did not occur in a federally declared disaster area.