Storm Damage Tax Deduction Estimator (Embed)

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Storm Damage Tax Deduction Estimator

Runs the exact federal formula from IRS Publication 547: your loss, minus insurance reimbursement, minus a $100 per-event reduction, minus 10% of your adjusted gross income. General information only - not tax advice. See the full IRS rules guide for the federal-disaster-declaration requirement this depends on.

Estimated Property LossInsurance ReimbursementAdjusted Gross Income (AGI)

My county has a federal disaster declaration covering this storm's date (check on FEMA.gov)

Estimated Deductible Casualty Loss

$1,400

$25,000 loss − $15,000 insurance − $100 per-event reduction − $8,500 (10% of AGI) = $1,400.

Estimate only, based on the formula in IRS Publication 547 - not a substitute for advice from a CPA or tax preparer, who can confirm your actual eligibility and file the deduction correctly.

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