IRC 165(h) cited . Form 4684

Casualty Loss (Disaster)

Federally declared disaster damage. See what you can actually deduct after the floors.

Property loss amount ($)

Insurance or other reimbursement ($)

Your adjusted gross income, AGI ($)

Per-event floor

Your deductible loss

Loss after reimbursement

Less $100 per-event floor

Less 10% of AGI

Deductible casualty loss

Have our office file Form 4684 for you

For tax years 2018 through 2025, a personal casualty loss is deductible only if it results from a federally declared disaster (IRC 165(h), IRS Pub. 547). Reduce the loss by any reimbursement, then by $100 per event, then by 10% of AGI. Use Form 4684. Estimates only, not tax advice. Phone 689-331-5723.