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  • About Timpe
    • About Timpe
    • Contact Us
  • Services
    • Accounting & Tax
    • Legal Services
    • Timpe Investment Advisory Services
    • Payroll
  • Client Tools
    • Form Download
    • Secure Portal
  • Pay Online
  • Client News & Information
    • Client Update Newsletter
    • Tax & Business Newsletter
    • Tax Planning Insights
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Tag Archives for: "casualty loss deductions"
 Casualty loss tax deductions may help disaster victims in certain cases
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By Gary Timpe
In Taxes
Posted October 5, 2023

Casualty loss tax deductions may help disaster victims in certain cases

This year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes and other disasters. No matter where you live, unexpected disasters may cause damage to your home [...]

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 Stock market investors: Year-end tax strategies to consider
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By Gary Timpe
In Taxes
Posted December 16, 2021

Stock market investors: Year-end tax strategies to consider

Year-end is a good time to plan to save taxes by carefully structuring your capital gains and losses. Consider some possibilities if you have losses on certain investments to date. For example, [...]

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 You can only claim a casualty loss tax deduction in certain situations
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By Gary Timpe
In Taxes
Posted September 2, 2021

You can only claim a casualty loss tax deduction in certain situations

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where you live, unexpected disasters may cause damage to your [...]

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 Casualty loss deductions: You can claim one only for a federally declared disaster
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By Gary Timpe
In Taxes
Posted April 24, 2019

Casualty loss deductions: You can claim one only for a federally declared disaster

Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible casualty loss victims could claim a deduction on [...]

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