Beginning in 2018, a Personal Casualty Loss Deduction Is Only

question 34

True/False

Beginning in 2018, a personal casualty loss deduction is only allowed for losses occurring in a Federally-declared disaster area.

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Definitions:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, a crucial indicator of cardiovascular health.

Arteriosclerosis

The thickening, hardening, and loss of elasticity of artery walls, leading to restricted blood flow and increased risk of heart disease.

Ischemic Stroke

A type of stroke caused by a blockage in an artery that reduces or stops blood flow to a part of the brain, leading to tissue damage.