MayaD
Expert Alumni

Deductions & credits

As part of tax reform relief for those affected by natural disasters, you can now deduct your total loss (minus $500 and any amount covered by insurance) along with your usual Standard Deduction.

Here is how you can claim the deduction on your return:

  • Login to your account.
  • Select Federal from the left menu
  • Go to Deductions and Credits.
  • Scroll down to Other deductions and Credits.
  • Scroll down to Casualties and Theft
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"