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Henrich Insurance Group Blog: taxes

View the latest blog posts from Henrich Insurance Group.

Friday, March 2, 2018

Can I Claim My Auto Insurance Deductible on My Taxes?

After a car accident, paying the deductible part of the repair bill is often painful. Writing it off on your taxes can reduce at least a little of the pain. Federal tax law does allow you to take a deduction for the accidental damage or theft of your car. Given the limits on the write-off, though, you may not have much success claiming it. READ MORE >>

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