To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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