Casualty Loss Deduction during Covid-19

[Nate93]

Since COVID-19 is considered a qualified disaster for the Casualty Loss Deduction, am i able to claim the damages on my vehicle for deduction purposes?

The damages happened during the pandemic in the result of debris in the road from high winds over a bridge in route to work. No insurance payments or reimbursements were made.

[MarilynG1]

Casualty Losses can be claimed on Schedule A, Itemized Deductions.  If you use the Standard Deduction (90% of people do), you won't be able to claim the loss.

Click this link for instructions on How to Report a Casualty Loss if you itemize. 

There is no special help for casualty loss during Covid, but click this link for info on Tax Breaks for Covid. 

[Nate93]

On an adjacent platform, i am able to claim it aside with my standard deduction. With that said, is my situation still valid to process using the other platform?

[Cynthiad66]

 If you have a qualified disaster loss you may elect to deduct the loss without itemizing your deductions. Your net casualty loss doesn't need to exceed 10% of your adjusted gross income to qualify for the deduction, but you would reduce each casualty loss by $500 after any salvage value and any other reimbursement. For more information, see the Instructions for Schedule A

Generally, you may deduct casualty and theft losses relating to your home, household items, and vehicles on your federal income tax return if the loss is caused by a federally declared disaster declared by the President.   See this link for more details.  Casualty, Disaster and Theft Losses

The Key Point here is verifying that you have a loss that was caused by the Disaster.