That included temporarily repealing deductions for losses from storms, fires, earthquakes — and theft. Known as personal casualty loss deductions, they were suspended through 2025, with a few ...

The write-off fell under a provision of the tax code that made allowances for personal casualty, disaster and theft losses not connected to a moneymaking enterprise. But Congress eliminated the ...

The casualty and theft loss deduction, which had been in place for decades, allowed taxpayers to offset losses from theft by deducting them from income. However, as of 2018, the deduction was ...

Now that President Trump is back, he made a lot of promises about tax law that he is expected to move forward in Congress.

Columbus-based Nationwide seeks to expand its offerings in stop-loss insurance, a financial safeguard for companies from ...

Apart from the recent changes, under the tax code, if your principal residence is destroyed in a federally declared disaster, you can claim a casualty loss deduction. Individuals and businesses in ...