461641
You'll need to sign in or create an account to connect with an expert.
Your total loss from the hurricane including the repair cost, food, clothes, furniture (which is not reimbursed by insurance) can be claimed as a casualty and theft loss.
As part of hurricane tax relief, you can deduct your total loss (minus $500 and any amount covered by insurance) along with your usual Standard Deduction. This means you’ll be able to claim everything you lost over $500 without having to itemize deductions on your taxes.
Make sure to indicate in the My Info section that you were affected by a hurricane (see attached screenshot).
TurboTax will make all the calculations for you.
To enter your loss in TurboTax, please follow these steps:
Your total loss from the hurricane including the repair cost, food, clothes, furniture (which is not reimbursed by insurance) can be claimed as a casualty and theft loss.
As part of hurricane tax relief, you can deduct your total loss (minus $500 and any amount covered by insurance) along with your usual Standard Deduction. This means you’ll be able to claim everything you lost over $500 without having to itemize deductions on your taxes.
Make sure to indicate in the My Info section that you were affected by a hurricane (see attached screenshot).
TurboTax will make all the calculations for you.
To enter your loss in TurboTax, please follow these steps:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
peacemaker0751
New Member
corneliusconnelly
New Member
1dragonlady1
Level 1
dean0jones
Level 1
sbcus10
New Member