Best Practices

Here are the insights insurance pros and policyholders need to know to navigate the 2021 hurricane season.
Analysis brought to you by the tax experts behind Tax Facts, a reference solution that helps to answer critical tax questions and provides the latest tax developments. Learn more about Tax Facts here!
Editor’s Note: Under the 2017 Tax Act, individuals are no longer entitled to deduct casualty and theft loss expenses as itemized deductions for 2018-2025 (when those losses are not related to property used in a trade or business). An exception exists for losses that occur in federally declared disaster areas.
Already have an account? Sign In Now
Copyright © 2022 ALM Global, LLC. All Rights Reserved.