New IRS Rules Could Trigger Surprise Taxes On Home Insurance Payouts In 2025
Natural disasters like the 2025 LA fires have left many homeowners grappling not only with property loss but also unexpected financial challenges. One such challenge is the IRS’s casualty gain rules — a hidden tax issue that could turn an already painful situation even worse for disaster victims. Many affected families, expecting insurance settlements to ease their burdens, now … Read more
