H.R. 481 · 119th Congress
Protecting Homeowners from Disaster Act of 2025
- Stage
- In committee
- Sponsor
- Julia Brownley
- Introduced
- 2025-01-16
- Latest action
- 2025-01-16 · Introduced in House
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.