What to know after a disaster and ahead of tax season
The IRS honors the victims of natural disasters like fires and earthquakes with extended deadlines and tax relief ...
This Is the Standard Deduction for the 2024 Tax Year
W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...
LA Wildfire Victims Should Use Caution Before Claiming A Casualty Loss
A casualty loss deduction is generally measured principally by your tax basis in the home, not by its fair market value. But should you claim it or should you wait?
Kiplinger4y
Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
When a natural disaster hits ... victims need to know about before trying to claim the deduction. But there are also some special rules on when you can claim the deduction that could save you ...