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Not Every Disaster Allows for a Casualty Loss Tax Deduction
Many Americans have become victims of natural disasters in 2024. Wherever you live, unexpected disasters may cause damage to your home or personal property, creating a “personal casualty loss.” This is defined as damage from a sudden, unexpected or unusual event, such...
Deducting Business-Related Vehicle Expenses
If you're self-employed and use your car, SUV or other vehicle for business, you can deduct certain business-related vehicle expenses. Depending on the cost...
What To Know About Reverse Mortgages
Home equity represents a significant portion of the average retiree's wealth. If you're 62 or older and house-rich but...

