Can I deduct cost for hurricane damage?

[SamiaI · Accepted solution]

Yes, you may be able to deduct costs for hurricane damage. 

To deduct a casualty loss in TurboTax:

• Type in casualty loss in the search box, top right of your screen, click the magnifying glass
• Click the jump to casualty loss link in the search result
• Follow to prompts and online instructions

Note: If you qualify for tax relief, you will use Schedule A to determine your Hurricane Loss Standard Deduction.  To qualify for the hurricane-related loss you must live in an officially declared disaster area.  If your net loss is greater than $500, you do not need to itemize and can instead increase your Standard Deduction by the loss. 

Read TurboTax faq below:

https://ttlc.intuit.com/replies/6395931