Ask the Taxlady

Question: Does Integrity Tax Professionals give Senior Citizens a discount?
Answer: Yes. At Integrity Tax Professional every Senior Citizen (60 yrs old and up)will receive a discount of $10 off their Federal Tax Return.

Question: As a result of Hurricane Ike, my roof was damaged. My insurance company gave me a check for the damages but it was not nearly enough to pay for the cost of repairing my roof. Is there any kind of deduction that I can take for the rest of the money that I had to pay out of pocket?
Answer: Yes, you can take a deduction called a Casualty Loss. Casualty Loss is a deduction that can be taken when you have a loss due to theft, fire, or natural disaster that is not covered or not fully covered by insurance proceeds. Normally this deduction is only available to those who itemize on their federal tax returns. However if your loss was due to a natural disaster and your area was declared a federal disaster area, this deduction can also be taken even if you don't itemize.