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Understanding Disaster Losses for Your Taxes

August 9, 2024 by Bill Bourbonnais

We seem to be living in an age of natural disasters. Floods, fires, hurricanes, tornados, and other disasters often dominate the news. If a disaster strikes you, the tax law may help. It’s important to note that there are differences on how personal losses and business losses are treated and deducted under our current tax […]

Filed Under: taxes Tagged With: casualtyloss, disasterloss, tax, tax reduction, tax savings, tax strategy, taxes, taxtips, tropicalstorm, writeoff

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