Can i claim loss when insurance reimbursement is less than my fee? I charge $125 per hour and insurance reimburses me $60

[kate309]

I am a therapist and charge $125 per hour 

[Opus 17 · Accepted solution]

No.  Your "loss" is the fact that you have less taxable income to pay tax on.   You already pass less tax -- you can't take a deduction from income you don't get.