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Can I claim my $1,000 deductible for car damage from Hurricane Irma?
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Can I claim my $1,000 deductible for car damage from Hurricane Irma?
You can claim your
car damage deductible as a casualty and theft loss.
As part of hurricane tax relief, you can deduct your loss (minus $500) along with your usual Standard Deduction. This means you’ll be able to claim everything you lost over $500 without having to itemize deductions on your taxes.
Make sure to indicate in the My Info section that you were affected by a hurricane (see attached screenshot).
To enter your loss in TurboTax, please follow these steps:- Click on Search on the top right of your screen
- In the search box, type casualty
loss then click on the magnifying glass icon on the right
- In the search result page, click on Jump to Casualty loss
- TurboTax will take you through a questionnaire where you can enter the details of your loss
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