IRS Deudctions
 

Deductible Casualty Losses

 
What casualty losses are tax deductible?

Deductible casualty losses can result from a number of different causes such as causes shown in the list below:

 

  • Car accidents
  • Earthquakes
  • Fires
  • Floods
  • Explosions
  • Hurricanes
  • Mine cave-ins
  • Shipwrecks
  • Sonic booms
  • Storms
  • Terrorist attacks
  • Tornadoes
  • Vandalism
  • Volcanic eruptions