The Casualty and Theft Loss Deduction has been eliminated for tax years 2018 through 2025.
In past years, individuals were allowed to claim certain casualty losses that were not reimbursed by insurance as itemized deductions. Losses brought about by fires, storms, theft, automobile accidents, and other similar incidents qualified for a tax deduction as long as the loss exceeded $100 and surpassed 10% of the taxpayer's adjusted gross income.
The Casualty and Theft Loss Deduction, however, may still be claimed if the loss is suffered during a federally declared disaster. In other words, a taxpayer will still be able to claim a personal casualty loss as an itemized deduction, subject to the aforementioned $100 per casualty and 10% of taxpayer's AGI limitations, when the President declares a national disaster.