Unlock Tax Breaks After Disaster!

🏚️ Suffered Property Damage or Theft? There May Be Tax Relief Available.

If your home, business, or belongings were damaged or stolen — and insurance didn’t cover the full cost — you might qualify for the Casualty and Theft Losses Deduction.

This IRS deduction can help reduce your tax burden and ease recovery after unexpected loss.

💡 How It Works:

✅ Applies to losses from federally declared disasters (like storms, floods, wildfires, etc.)
✅ Covers the portion of the loss not reimbursed by insurance
✅ Requires proper documentation of value, loss, and proof of disaster status

📊 Example:
Your property is damaged in a natural disaster:
• Total damage = $10,000
• Insurance covers = $3,000
→ You may be able to deduct the remaining $7,000 (subject to IRS thresholds)

📌 Why It Matters:
• Helps reduce your taxable income
• Offers financial relief after a crisis
• Supports faster rebuilding & recovery

✅ Not sure if you qualify or how to calculate it?
Let London’s Tax walk you through the requirements and help you file correctly — so you can start recovering with confidence.

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Видео Unlock Tax Breaks After Disaster! канала London's Groups