If you paid for any repairs after filing your original 2017 tax return and before the last day for filing a timely Form 1040-X for the 2017 tax year, you may treat the amount paid as a casualty loss on a timely filed Form 1040-X for the 2017 tax year. If you paid for any repairs before 2017 and you choose to follow this special procedure, you can amend your return for the earlier year by filing Form 1040-X and attaching a completed Form 4684 for the appropriate year. See also IRS.gov/DisasterTaxRelief for date-specific declarations associated with these disasters and for more information. If you suffered a qualified disaster loss, you are eligible to claim a casualty loss deduction, to elect to claim the loss in the preceding tax year, and to deduct the loss without itemizing other deductions on Schedule A (Form 1040). This expansion does not include those losses attributable to any major disaster which has been declared only by reason of COVID-19. Further, the major disaster must have an incident period ending no later than January 26, 2021. However, in order to qualify under this expansion, the major disaster must have an incident period beginning between December 28, 2019, and Decem(inclusive). The California wildfires in 2017 and January 2018 andДЄ major disaster that was declared by the President under section 401 of the Stafford Act and that occurred in 2018 and before December 21, 2019, and continued no later than Janu(except those attributable to the California wildfires in January 2018 that received prior relief).ДЄ qualified disaster loss is now expanded to include an individual's casualty and theft loss of personal-use property that is attributable to a major disaster that was declared by Presidential Declaration that is dated between January 1, 2020, and Febru(inclusive). Also see IRS.gov/DisasterTaxRelief for more information about these and other disaster tax relief provisions.ДЄ major disaster declared by the President under section 401 of the Stafford Act in 2016 Moreover, your net casualty loss from these qualified disasters doesnвЂ™t need to exceed 10% of your AGI to qualify for the deduction, but the $100 limit per casualty is increased to $500.See Disaster Area Losses and Qualified disaster loss, later, for more information on the special relief provided as part of the Disaster Tax Relief and Airport and Airway Extension Act of 2017, the Tax Cuts and Jobs Act of 2017, the Bipartisan Budget Act of 2018, the Taxpayer Certainty and Disaster Tax Relief Act of 2019, and the Taxpayer Certainty and Disaster Tax Relief Act of 2020. You can deduct qualified disaster losses without itemizing other deductions on Schedule A (Form 1040). Stafford Disaster Relief and Emergency Assistance Act (Stafford Act) in 2016, as well as from Hurricane Harvey, Tropical Storm Harvey, Hurricanes Irma and Maria, the California wildfires, the disasters described in the Taxpayer Certainty and Disaster Tax Relief Act of 2019, and the disasters described in the Taxpayer Certainty and Disaster Tax Relief Act of 2020, may be claimed as a qualified disaster loss on your Form 4684 for the year in which the loss was sustained. Personal casualty losses attributable to a major disaster declared by the President under section 401 of the Robert T. Special rules and return procedures expanded for claiming qualified disaster-related personal casualty losses.

For more information, see Deduction Limits, later. An exception to the rule above, limiting the personal casualty and theft loss deduction to losses attributable to a federally declared disaster, applies if you have personal casualty gains for the tax year. Personal casualty and theft losses attributable to a federally declared disaster are subject to the $100 per casualty and 10% of your adjusted gross income (AGI) limitations unless they are attributable to a qualified disaster loss. Personal casualty and theft losses of an individual, sustained in a tax year beginning after 2017, are deductible only to the extent that the losses are attributable to a federally declared disaster. Limitation on personal casualty and theft losses. 547, such as legislation enacted after it was published, go to IRS.gov/Pub547. For the latest information about developments related to Pub.

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