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Deductions & credits
@rwom1217 wrote:
Thanks for replying. My question is more specific than what is covered in the reply though. Here is another way of asking part of my question...
- Insurance company sends me a check for $14k as part of a covered claim for damage to my home.
- I pay 14k to fix the damage, and an additional $500 to make additional repairs not part of the claim.
- How much of these funds would be part of my housing allowance?
- Would it be the entire $14,500, or just the $500 because I was compensated for the $14k in damages?
You only paid $500 toward repairs so only that much would be a qualified expense for purposes of the housing allowance.
‎April 11, 2023
9:40 AM