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My home was damaged by the hurricane, and I dont have insurance. Do I qualify for any special tax relief?

April 26, 2017damaged Home Hurricane Insurance qualify relief special tax

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My home was damaged by the hurricane, and I dont have insurance. Do I qualify for any special tax relief?

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If you suffered major damage, you may be able to deduct some of your loss on your federal income tax return. Only losses not covered by insurance or other reimbursements are eligible. Because of the way this deduction is figured, only major losses normally result in tax savings. Tax Topic 515 has more information about losses and theft. Losses on business or rental property also qualify for tax relief. Different rules apply to figuring this deduction.