Topic no. 515, Casualty, disaster, and theft losses
Oct 3, 2025 · For more information, refer to Publication 547. Claiming the loss Individuals may claim their casualty and theft losses as an itemized deduction on Schedule A (Form 1040), …
Can You Deduct Theft Losses on Taxes? + FAQs
Jun 12, 2025 · FAQ: Common Questions on Theft Loss Deductions Q: Is burglary a casualty loss for tax purposes? A: No. Burglary or theft is treated as a theft loss, not a casualty loss. …
Tax-Deductible Casualty and Theft Losses Explained
Jan 2, 2026 · Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing process for disaster-related deductions.
Can You Write-off Theft on Taxes? Not Anymore. - FreshBooks
Nov 12, 2024 · Unless further changes are made before that time, the law will again allow for tax write-offs from theft starting January 1, 2026. What Is a Casualty Loss? Casualty losses refer …
Casualty Loss Deductions - WCG CPAs & Advisors
Jun 18, 2021 · My home was destroyed- what deduction can I take? How do casualty losses work? By Jason Watson (Google+) IRS Publication 584 specifically deals with casualty, …
Solved: Can I report a loss due to a contractor who worked on my home …
Feb 28, 2024 · For tax years 2018 through 2025, if you are an individual, losses of personal-use property from fire, storm, shipwreck, or other casualty, or theft are deductible only if the loss is …
Casualty and Theft Losses: What Can You Deduct?
Apr 28, 2025 · Casualty and theft loss considerations for income-producing property You can no longer claim miscellaneous itemized deductions, meaning business casualty and theft losses …
IRS clarifies theft and fraud loss deductions - Miller Kaplan
May 16, 2025 · The taxpayer has no reasonable prospect of recovery of the loss. From 2018 through 2025, though, the TCJA allows the deduction of personal casualty or theft losses only …
When Can You Deduct Theft Losses? - royer-cpa.com
Dec 11, 2024 · Basic ground rules Generally, you may deduct the amount of your unreimbursed loss if you suffer a casualty or theft loss, but only to the extent that your losses for the year …
Can you write off property damage on taxes? - GreenyPlace.com
Feb 24, 2025 · If your home, vehicle, or household items and possessions are damaged or destroyed as the result of a qualifying event that the IRS considers "sudden, unexpected, or …