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fentonffddinc
February 16, 2025
Question

New law H.R. 5863 says that I may deduct losses from hurricane disasters without itemizing (i.e. using the standard deduction). How do I do that with turbotax?

  • February 16, 2025
  • 1 reply
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    1 reply

    M
    MAK70
    February 16, 2025

    You will enter in the Deductions& Credits sections, under Other Deductions and Credits --> Disasters, theft, and other property loss or damage.  You can enter Casualty Losses in a federally declared disaster area, with a FEMA disaster code to get the deduction even if you do not itemize.

     

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