Claiming Tax Deductions for Weather Damage

Home damaged by weather
Home damaged by weather

Did your roof collapse under the heavy weight of the snow? Did lightning strike your guest house? You probably know that insurance can protect your home and possessions during damaging weather (which we've had a lot of this year), but did you know that you may claim tax deductions for weather damage?

Here are some key points that came out of a recent conversation with the IRS.

Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.
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