A bill to amend the Internal Revenue Code of 1986 to repeal the temporary limitation on personal casualty losses, and for other purposes.
Tax Assistance for Crumbling Foundations Act
This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.
Referred to the House Committee on Ways and Means.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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