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Do you get a tax break for having a natural disaster

 
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MindyB
Employee Tax Expert

Do you get a tax break for having a natural disaster

It depends. ‌If you had expenses due to a disaster, and lived in a federally declared disaster area, then you may be able to deduct the expenses under the Casualty and Theft Deduction.

 

Here is how to enter the expenses:

 

  1. Open or continue your return in TurboTax Online 
  2. Navigate to Federal > Deductions & Credits > Disasters, theft, and other property loss or damage
  3. On the Casualties or Theft Event screen, select "This event qualifies as a Federally declared major qualified disaster loss"

 

 Here is an  article with more information.

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