My car’s fuel tank was ruptured by flying debris from a pick up truck ahead of me. I paid a $500 deductible for the repair. Is this deductible? I have the insurance claim

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My car’s fuel tank was ruptured by flying debris from a pick up truck ahead of me. I paid a $500 deductible for the repair. Is this deductible? I have the insurance claim

No. Sorry. casualty loss deductions were eliminated by the new tax laws. Even under the old law, a $500 loss would not have been 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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My car’s fuel tank was ruptured by flying debris from a pick up truck ahead of me. I paid a $500 deductible for the repair. Is this deductible? I have the insurance claim

the answer provided is correct if the vehicle is 100% personal use. otherwise post back.

My car’s fuel tank was ruptured by flying debris from a pick up truck ahead of me. I paid a $500 deductible for the repair. Is this deductible? I have the insurance claim

No. Sorry. casualty loss deductions were eliminated by the new tax laws. Even under the old law, a $500 loss would not have been 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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