Federally Declared Disaster

[Sue691]

I completed the casualty/loss section as directed with the disaster number, etc. Turbo tax is not adding this amount to the standard deduction as I was under the impression it was supposed to. 

[DawnC]

It is an itemized deduction, but you don't have to itemize to take the credit.  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.  Look for Schedule A, line 15 and Form 4684.