10-01-2018 21:09 via fox61.com

Tax break for victims of crumbling foundations may be short lived

HARTFORD — A tax deduction for hundreds of homeowners dealing with crumbling foundations may not last very long.
In a letter to Connecticut lawmakers, the IRS confirms that qualified taxpayers who paid to repair their foundations in 2017 or in some prior years will be able to get a deduction as a casualty loss on their 2017 returns.
However, in light of the new tax laws, it’s not clear yet if the deduction will be available for homeowners who do their repairs in 2018 or beyond.
The D
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