Battling flood damage? Here’s why you’ll have a hard time getting a tax break for it

Battling flood damage? Here’s why you’ll have a hard time getting a tax break for it

Tropical Storm Barry is shown in the Gulf of Mexico approaching the coast of Louisiana, in this July 11, 2019 NASA satellite handout photo.
NASA | Reuters

Homeowners dealing with damage from summer storms have another disappointment ahead: They may not be able to get a tax break for their losses.
That’s because a provision in the Tax Cuts and Jobs Act – the tax code overhaul that went into effect…

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