topic Water damage in Deductions & credits

Water damage

jjoates — Wed, 11 Feb 2026 08:08:17 GMT

Is water damage from a faulty water meter that insurance has not fully covered a tax deductible

Re: Water damage

xmasbaby0 — Sat, 13 Apr 2024 14:37:47 GMT

Sorry--no. Casualty losses or damages that are not the result of being in a federally declared disaster area are not deductible.

Re: Water damage

TomD8 — Sat, 13 Apr 2024 14:38:53 GMT

Not if this was your personal home rather than a business or rental property. Casualty losses to your home are deductible only if the loss was due to a federally declared disaster.

https://www.irs.gov/taxtopics/tc515