I’m not asking if you owe more on your house than it’s currently worth. With all the recent flooding in the US, I mean it literally, are you a victim of flooding or other casualty losses this year?
If so, you might be able to get some relief on your taxes when you file next April. I wrote a guest post Flood Victims: Casualty Loss Deductions Might Be for You on the TurboTax blog. Take a look, and let my friends at TurboTax know if this helped you.
(FTC disclaimer – I received nothing of monetary value for this post. In exchange, I have a resume line “Guest Blogger at TurboTax,” as well as the friendship of my contacts there. Thanks for asking.)
Joe