H.R. 4539 · 118th Congress
Casualty Loss Deduction Restoration Act
- Stage
- In committee
- Sponsor
- Joe Courtney
- Introduced
- 2023-07-11
- Latest action
- 2023-07-11 · Introduced in House
Summary
Casualty Loss Deduction Restoration Act
This bill eliminates the suspension period (2018 through 2025) for the tax deduction for personal casualty lossess and increases from $10,000 to $50,000 the limitation on allowable amount of the deduction.