Vanessa A
Expert Alumni

Deductions & credits

In order to claim a credit for the damage sustained from Hurricane Ian, you would need to Itemize your return instead of taking the standard deduction

 

In the deductions and credits section you would scroll down to Other Deductions and Credits, then click Start next to Casualties and Thefts.  You will walk through the questions entering information about your loss.

 

If your loss from Hurricane Ian and other Itemized Deductions, such as mortgage interest and medical expenses in excess of 7.5% of your AGI are greater than your standard deduction and you have taxable income, you may see a decrease in your tax liability.  If you already have $0 in tax liability, you will not see a difference in your refund as this is a deduction from income and not a refundable credit. 

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