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Casualty Loss Deductions: Only For A Federally Declared Disaster

Casualty Loss Deductions: Only For A Federally Declared Disaster

Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible casualty loss victims could claim a deduction on their tax returns. But there are new restrictions that make these...
Vehicle-Expense Deduction Ins And Outs For Individuals

Vehicle-Expense Deduction Ins And Outs For Individuals

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your vehicle-expense deduction compared to what you claimed on your 2017 return....
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