If I had a fire at my house can I deduct my deductible that I paid?

clucas1114 · ‎January 26, 2024

Had a fire caused by a lightning strike at my house. Had to pay my homeowners insurance deductible out of pocket for the repairs. Is that deductible on my taxes?

xmasbaby0 · ‎January 26, 2024

That is dreadful---but sorry, no. The tax laws that changed for 2018 and beyond eliminated deducting casualty losses on a federal tax return unless you are in a federal disaster area and were affected by the disaster----like a wildfire, flood, hurricane, etc. Lightning striking your house is not deductible.

**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.**

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xmasbaby0 · ‎January 26, 2024

That is dreadful---but sorry, no. The tax laws that changed for 2018 and beyond eliminated deducting casualty losses on a federal tax return unless you are in a federal disaster area and were affected by the disaster----like a wildfire, flood, hurricane, etc. Lightning striking your house is not deductible.

**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.**

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If I had a fire at my house can I deduct my deductible that I paid?