When compared to the casualty loss rules for businesses, deductions for personal casualty losses have always add additional restrictions imposed when calculating the allowable amount. Furthermore, the current laws now limit deductions for personal casualty losses to federally declared disasters.

Please share your thoughts on these additional reatrictions imposed on nonbusiness casulty losses and te linitations impacting indiviual taxpayera who may incur personal casulaty losses that are not related to a federally declared diaster.