H.R. 318 · 118th Congress
Protecting Homeowners from Disaster Act of 2023
- Stage
- In committee
- Sponsor
- Julia Brownley
- Introduced
- 2023-01-12
- Latest action
- 2023-01-12 · Introduced in House
Summary
Protecting Homeowners from Disaster Act of 2023
This bill repeals the current limitation on tax deductions for personal casualty losses. Under current law, such losses are deductible in taxable years 2018-2025 only to the extent that they are attributable to a federally declared disaster.