Theft Loss Deduction 2025. This article addresses the ambiguity in the law associated with claiming theft losses after the passage of. There is a special way to claim casualty losses if you live in a federally declared major disaster area for the period of january 1, 2018, through december 31, 2025.

Here’s a quick overview of what to know: In 2025, the standard deduction amounts will be $15,000 for individuals and married couples, heads of household will hit $22,500, and married couples filing jointly will see a deduction of.