Request a Consultation
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Your information is never sold or shared. Consultations are 100% confidential.
If you’re a Palisades homeowner affected by the LA fires, a short complimentary consultation could net you significant tax relief.
“After losing my home in the Palisades fire, my financial future was unclear, but the Centura team was an amazing partner in guiding me through a challenging time to ensure my financial future was secure. I can confidently recommend Centura to anyone seeking a partner who offers genuine guidance and exceptional results.”
– Pacific Palisades Property Owner
What Happens During the Consultation
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01Property Loss Overview
We discuss the property, the nature of the loss, and the broader circumstances surrounding the event.
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02Initial Qualification Review
We review whether the matter appears to warrant further casualty loss analysis based on the facts available.
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03Process and Documentation
We outline the documentation categories, broader process, and how the engagement is typically structured.
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04Questions and Next Steps
We address initial questions and clarify whether a deeper review is appropriate.
Who Qualifies?
4 types of loss that may qualify — most Palisades homeowners have at least one
You don’t need to have lost your entire home. Under federal qualified disaster loss provisions, even partial losses, smoke damage, or a decline in your home’s fair market value may support a significant deduction.
4 categories of loss that count.
Fair Market Value.
Has your home value permanently declined as a result of a disaster?
Smoke Damage.
Has your home suffered smoke damage due to wildfires?
Partial Fire Damage.
Has a portion of your home been burned?
Complete Loss.
Have wildfires left your home a total loss?
Common Questions & Process
You have questions? We have answers.
Is this real — and is it legal?
Yes, completely. This is a federal tax provision created by Congress specifically for disaster victims. You’re not exploiting a loophole — you’re using the relief program Congress designed for exactly this situation. The Federal Disaster Tax Relief Act was signed into law in December 2024 and made permanent in 2025. Thousands of homeowners across declared disaster zones have used it.
How much money could I get back?
It depends on your specific loss — property value decline, structural damage, smoke damage, and contents losses all factor in. Centura only takes on cases where we believe the potential deduction exceeds $200,000. For qualified cases, Centura often substantiates significant tax refunds or reduction in taxes owed, often in the six-figure range.
Why haven’t I heard about this before?
Two reasons: first, this law was only signed in December 2024 and made permanent in 2025 — it’s new. Second, it applies to a small geographic zone, so most national tax preparers aren’t flagging it for their clients. Your regular CPA may not know it applies to you.
Will claiming this affect my insurance settlement?
No. Your insurance settlement is governed by your policy. Your tax filing is completely separate. One does not affect the other.
I already filed my taxes — can I still benefit?
Yes. Centura can prepare documentation to support an amended tax return (Form 1040-X), which allows you to claim the deduction retroactively within the IRS statute of limitations. We handle this regularly.
Who is Centura and why are you the right team for this?
Centura Consulting Services is an affiliate of Centura Wealth Advisory, a registered investment advisor with nearly 30 years of experience in tax and wealth planning. Our casualty loss team has helped dozens of disaster-affected homeowners document and substantiate their claims. We help guide you through the entire process — appraisal coordination, documentation, and a CPA-ready package — and we’ll even join the call with your CPA.
What does it cost?
Your initial consultation is complimentary.
