For tax years 2018 through 2025, if you are an individual, casualty or theft losses of personal-use property are deductible only if the loss is attributable to a federally declared disaster. Casualty losses can still be claimed for business property. This change was part of the Tax Cuts and Jobs Act of 2017. See IRS Publication 547.
See this help article for more information.
@Todd590
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
