You'll need to sign in or create an account to connect with an expert.
The tax treatment of personal casualty losses and thefts is changed under the Tax Cuts and Jobs Act.
Pursuant to the Tax Cuts and Jobs Act, the itemized deduction for personal casualty and theft losses is temporarily limited in tax years 2018 through 2025 solely to losses attributable to federally-declared disasters.
Your car theft is therefore no longer deductible.
The tax treatment of personal casualty losses and thefts is changed under the Tax Cuts and Jobs Act.
Pursuant to the Tax Cuts and Jobs Act, the itemized deduction for personal casualty and theft losses is temporarily limited in tax years 2018 through 2025 solely to losses attributable to federally-declared disasters.
Your car theft is therefore no longer deductible.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
edwalds-cte
New Member
Shiney2
Level 1
gk5040
Level 3
jburford
New Member
integrity-inspections
New Member