topic Can car accident be deducted in Deductions & credits

Can car accident be deducted

sbernard — Mon, 23 Feb 2026 13:29:12 GMT

Car was totaled and wanted to deduct taxes from loss of car

Re: Can car accident be deducted

xmasbaby0 — Fri, 03 Feb 2023 17:59:40 GMT

Was this your personal car-----not a car used for your self-employment?

Sorry....casualty losses are not deductible on your federal return unless the loss was incurred as a result of something that happened in a federal disaster area.

Re: Can car accident be deducted

DoninGA — Fri, 03 Feb 2023 17:59:43 GMT

A casualty or theft loss is not deductible on a federal tax return unless the loss occurred in a federally declared disaster area.