Casualty Losses Archives

Can I Deduct Hurricane Losses on My Tax Return?

Updated February 2025 Hurricane Beryl has caused significant damage across several states, leaving many homeowners and businesses with substantial losses. If you were affected by this disaster, you might be eligible to claim a casualty […]

Tax Relief for Disaster Victims in Texas

Business Resources, Individual Tax Resources, Tax Tips, Tax Updates

On its website, the IRS announced relief for taxpayers in Harris, Hayes, and Van Zandt who were affected by the severe storms, tornadoes, straight-line winds, and flooding that took place in Texas beginning on May 4,

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