Extra expenses from home claim

[Anonymous]

We had a home claim for roof/siding/gutters last year and after our deductible we still had to pay more due to COVID? Are we able to claim that and if so do I have to amend 2021 taxes or can I do it on 22? 

[tgaborit]

I am sorry to hear you had to have a claim on your home.   I have a few questions to make sure we get you the proper answers.

• Was the damage due to a casualty and/or theft?
  • If so, these used to be deductible if you were able to itemize your deductions.  With the Tax Cuts and Jobs Act, these were removed for tax years 2018-2025 unless they are made permanent with new legislation.  
• Was the damage due to a Federally Declared Disaster?  
  • If yes, you are allowed to take the deduction for amounts over the reimbursements.  Here is a link to some great FAQs on this topic Federally Declared Disaster Loss FAQs 

I hope this sheds some light on what can and cannot be deducted on this type of claim.