HR 481
119th Congress
House
In Committee
Protecting Homeowners from Disaster Act of 2025
Latest action: Referred to the House Committee on Ways and Means. · Jan 16, 2025
View full text on Congress.gov ↗ Policy area: Taxation
Legislative 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.
Source: Congressional Research Service (CRS).
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Cosponsors (1)
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