If had two auto accidents my deductible for each was $500 total $1,000) can this be applied to my expens?

rdefulio · ‎February 6, 2024

xmasbaby0 · ‎February 6, 2024

No. Casualty losses were eliminated as a federal deduction after 2017, except for losses sustained in a federal disaster area.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DavidD66 · ‎February 6, 2024

If your vehicle is used for business, and you use the actual method (as opposed to the standard mileage rate) to calculate your vehicle expenses, you can include your insurance deductible when determining your deductible automobile expenses. Otherwise, as xmasbaby0 said, it's not deductible.

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If had two auto accidents my deductible for each was $500 total $1,000) can this be applied to my expens?