When a disaster strikes, you’re thinking about the safety of yourself and your loved ones, sometimes followed by the daunting task of rebuilding your home. Taxes are likely the furthest thing from your mind. But when the dust settles, the government does offer some tax assistance for disaster victims in the form of a casualty loss deduction. While calculating the deduction can be complicated, it can be a significant benefit to those who have endured a major loss. Read more
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