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2. Is Property Damage Due to Weather Disaster Tax Deductible? - AOL

   www.aol.com/property-damage-due-weather-disaster...

   While fewer taxpayers can claim deductions for weather disasters, qualified disaster deductions are more generous than standard casualty loss write-offs, because their per-event limitation ...

3. Americans affected by California wildfire get IRS tax relief ...

   www.aol.com/americans-affected-california...

   The Internal Revenue Service has announced that IRS Free File will begin accepting individual tax returns as of Jan. 10, 2025, for the 2024 tax season. ... or unreimbursed disaster-related losses ...

4. Can you deduct disaster losses? - AOL

   www.aol.com/finance/n-c-home-hit-hurricane...

   The IRS has extended key tax deadlines for disaster-affected residents, pushing various 2024 filings and payments to May 1, 2025. This includes individual and business tax returns, estimated ...

5. Hurricane Tax Relief Act - Wikipedia

   en.wikipedia.org/wiki/Hurricane_Tax_Relief_Act

   The bill modifies the deduction for personal casualty losses in the hurricane disaster area to eliminate a requirement for losses to exceed 10% of adjusted gross income to qualify for the deduction and the requirement to itemize. To achieve this, should the bill be passed, the Internal Revenue Code of 1986 will be modified in accordance.

6. Casualty loss - Wikipedia

   en.wikipedia.org/wiki/Casualty_loss

   Here are some key points to consider regarding the deduction of casualty losses in the United States: Qualified Casualty Loss: The loss must be caused by a sudden, unexpected, or unusual event, such as a natural disaster (e.g., fire, flood, hurricane) or an accident. Damage due to normal wear and tear or progressive deterioration typically does ...

7. Tax-deductible loss - Wikipedia

   en.wikipedia.org/wiki/Tax-deductible_loss

   To qualify, the loss must not be compensated by insurance and it must be sustained during the taxable year. If the loss is a casualty or theft of personal property of the taxpayer, the loss must result from an event that is identifiable, damaging, and sudden, unexpected, and unusual in nature, not gradual and progressive.

8. 10 Tax Breaks Every Middle-Class Family Should Take ... - AOL

   www.aol.com/10-tax-breaks-every-middle-180044100...

   In December 2024 however, former President Joe Biden signed the Federal Disaster Tax Relief Act of 2023, allowing victims of federally-declared disasters to deduct unreimbursed losses if they ...

9. IRS extends Oct. 15 tax deadline for states hit by hurricanes ...

   www.aol.com/irs-extends-oct-15-tax-091449526.html

   The IRS noted that such tax relief could apply to those with an IRS address of record in areas covered by Federal Emergency Management Agency disaster declarations and those returning from a ...