Deductions & credits

@GenX68 This thread is very old.  It migrated over when the old Answer Xchange changed to Real Money Talk.  Some very old replies came over with 2019 dates--and they are really older. 

 

That information about a casualty loss/insurance deductibles, etc.   is no longer relevant since the tax laws changed for 2018 and beyond.  You cannot claim a casualty loss on a federal return now unless you are in a federally declared disaster area.   So if that was something you are concerned about for your current return--you will not be able to deduct a casualty or theft loss now.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**