HR 481 · 119th Congress — Protecting Homeowners from Disaster Act of 2025
Protecting Homeowners from Disaster Act of 2025 This bill repeals the limit on the itemized tax deduction for unreimbursed personal casualty losses. Specifically, the bill repeals a provision that generally limits the deduction for tax…
- Congress
- 119
- Bill
- HR 481
- Status
- Introduced
- Introduced
- 2025-01-16
- Latest action date
- 2025-01-16
Summary
Protecting Homeowners from Disaster Act of 2025 This bill repeals the limit on the itemized tax deduction for unreimbursed personal casualty losses. Specifically, the bill repeals a provision that generally limits the deduction for tax years 2018-2025 to losses that are attributable to a federally declared disaster. The bill applies to losses sustained after 2024.
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Referred to the House Committee on Ways and Means.
Sponsors
- Rep. Brownley, Julia [D-CA-26]
Democratic · California · House District 26 · Democratic