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I have over $5000 in moving, medical, and damaged property expenses due to a mold infested apartment. Can I deduct this from my 2018 taxes, and if so, how?

 
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I have over $5000 in moving, medical, and damaged property expenses due to a mold infested apartment. Can I deduct this from my 2018 taxes, and if so, how?

Moving and damaged property from a mold infestation are not deductible. There is no longer a casualty and loss deduction under the new tax laws

If you are itemizing and have other medical expenses and the total of all medical expenses are greater than 7.5% of your AGI you could include the medical expenses in with your other medical expenses.  If you do not have total medical expenses in excess of 7.5% of your AGI this will not be deductible. 

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I have over $5000 in moving, medical, and damaged property expenses due to a mold infested apartment. Can I deduct this from my 2018 taxes, and if so, how?

Moving and damaged property from a mold infestation are not deductible. There is no longer a casualty and loss deduction under the new tax laws

If you are itemizing and have other medical expenses and the total of all medical expenses are greater than 7.5% of your AGI you could include the medical expenses in with your other medical expenses.  If you do not have total medical expenses in excess of 7.5% of your AGI this will not be deductible. 

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maglib
Level 10

I have over $5000 in moving, medical, and damaged property expenses due to a mold infested apartment. Can I deduct this from my 2018 taxes, and if so, how?

 Personal casualty and theft losses of an individual, sustained in a tax year beginning after 2017, are deductible only to the extent they’re attributable to a federally declared disaster. The loss deduction is subject to the $100 limit per casualty and 10% of your adjusted gross income (AGI) limitation. An exception to the rule above, limiting the personal casualty and theft loss deduction to losses attributable to a federally declared disaster, applies if you have personal casualty gains for the tax year. In this case, you will reduce your personal casualty gains by any casualty losses not attributable to a federally declared disaster. Any excess gain is used to reduce losses from a federally declared disaster. The 10% AGI limitation is applied to any remaining losses attributable to a federally declared disaster. For more information, see Disaster Area Losses, later. https://turbotax.intuit.com/tax-tips/tax-relief/about-casualty-deduction-for-federal-income-tax/L8AV...

Medical expenses are limited to if you itemized deductions on your tax return.The IRS allows you to deduct qualified medical expensesthat exceed 7.5% of your adjusted gross income for 2017 and 2018. Beginning Jan. 1, 2019, all taxpayers may deduct only the amount of the total unreimbursed allowable medical care expenses for the year that exceeds 10% of their adjusted gross income. https://turbotax.intuit.com/tax-tips/health-care/can-i-claim-medical-expenses-on-my-taxes/L1htkVqq9

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