Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Important Changes This Year

Standard and Itemized Deductions

Casualty and Theft Losses, Miscellaneous Itemized Deductions

For taxable years beginning after December 31, 2017 and before January 1, 2026, no miscellaneous itemized deductions will be allowed for Job Expenses and Certain Miscellaneous Deductions subject to the 2% limitation. This does not affect other miscellaneous deductions allowed on Form 1040 Schedule A not subject to the 2% limitation.

A taxpayer may claim a personal casualty loss (subject to certain limitations) only if such loss was attributable to a disaster declared by the president under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act.