Deducting 2017 Property Losses from Your Taxes
Hurricanes, wildfires, tornadoes, floods, earthquakes, winter storms, and other events often cause widespread damage to homes and other types of property. If you’ve suffered property loss as the result of a natural or man-made disaster in 2017, you may be able to claim a casualty loss deduction on your federal income tax return.
Don’t Wait to Ask Aging Parents These Important Questions
If you’re the adult child of aging parents, it’s important to open up a conversation about their future needs and wishes. The best time to start is when your parents are relatively healthy. Otherwise, you may find yourself making critical decisions on their behalf in the midst of a crisis without a roadmap.
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