The Federal Disaster Tax Relief Act of 2023 (H.R. 5863), enacted on December 12, 2024, may allow taxpayers to deduct personal casualty losses from federally declared disasters, including Hurricane Ian, without the previous 10% AGI limitation see article at Congress.gov.
However, according to the IRS, if common elements of a condominium are owned by a Homeowners Association (HOA), individual members can't claim a casualty loss deduction. Special assessments for capital repairs, even due to disaster damage, are considered contributions to the HOA and aren't deductible. See IRS.gov article scroll down to Property and casualty loss and go to question#5
Thus, the $10,500 special assessment for Hurricane Ian repairs is likely not deductible on your federal tax return,
