The IRS Deductions Blog

Posts Tagged ‘1000 deductible auto insurance’

Question: Can I claim my auto insurance deductible on my taxes?

I was in a car accident earlier this year. They hit me and then took off so I had to pay my deductible out of pocket. Can I claim that on my taxes?

Answer: You may be able to claim the loss on your taxes. It will depend on your total income, and the amount of the deductible. You can only claim a casualty loss if the amount of the loss exceeds a certain percentage of your income.

Consult a tax adviser for details!

Items on Amazon Right Now for Deductible Auto Insurance:

Libby High School vandalized again

Canda Harbaugh/The Western News Extensive damage to student lab computers at the high school was discovered Monday.

Auto Insurance Deductibles