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With the crazy weather this country is experiencing and the high insurance deductibles, can I take casualty losses?

April 26, 2017casualty country crazy deductibles experiencing high Insurance losses weather

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With the crazy weather this country is experiencing and the high insurance deductibles, can I take casualty losses?

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A. Casualty losses are deductible only if the amount of the loss after any insurance reimbursements, exceeds $100 and the net amount is deductible once it exceeds 10 percent of your adjusted gross income. Deductions are allowable for faulty repairs done by an outside contractor.