Property

• Home Insurance
  Prior to 2018, taxpayers were able to deduct any casualty losses not reimbursed by home insurance, such as damage from a fire, theft, accident, or a natural disaster. However, for 2018 through 2025, TCJA suspends this deduction with one caveat: if the damage occurred in an event officially declared a major disaster by the Federal Emergency Management Agency (FEMA), such as the recent Camp Fires in California or Hurricane Michael in Alabama, casualty losses may still be deducted. (FEMA's list also includes less catastrophic events, so it's worth double-checking to see if the damage was caused by an official 'major disaster.')

Health and Life

• Health Insurance
  Important Information about Advance Payments of the Premium Tax Credit and Your Tax Return The Affordable Care Act includes financial assistance in the form of the premium tax credit for eligible taxpayers with moderate incomes who purchase coverage through the Health Insurance Marketplace.

Personal

• Annuities