Introduced:
Jan 16, 2025
Policy Area:
Taxation
Congress.gov:
Bill Statistics
3
Actions
1
Cosponsors
1
Summaries
4
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jan 16, 2025
Referred to the House Committee on Ways and Means.
Summaries (1)
Introduced in House
- Jan 16, 2025
00
<p><strong>Protecting Homeowners from Disaster Act of 2025 </strong></p><p>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. </p>
Actions (3)
Referred to the House Committee on Ways and Means.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jan 16, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jan 16, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jan 16, 2025
Subjects (4)
Income tax deductions
Life, casualty, property insurance
Tax administration and collection, taxpayers
Taxation
(Policy Area)
Cosponsors (1)
(D-OR)
Feb 11, 2025
Feb 11, 2025
Full Bill Text
Length: 1,288 characters
Version: Introduced in House
Version Date: Jan 16, 2025
Last Updated: Nov 14, 2025 6:26 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 481 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 481
To amend the Internal Revenue Code of 1986 to repeal the limitation on
deductions for personal casualty losses.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 16, 2025
Ms. Brownley introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to repeal the limitation on
deductions for personal casualty losses.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 481 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 481
To amend the Internal Revenue Code of 1986 to repeal the limitation on
deductions for personal casualty losses.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 16, 2025
Ms. Brownley introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to repeal the limitation on
deductions for personal casualty losses.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Protecting Homeowners from Disaster
Act of 2025''.
SEC. 2.
(a) In General.--
Section 165
(h) of the Internal Revenue Code of
1986 is amended by striking paragraph
(5) .
(h) of the Internal Revenue Code of
1986 is amended by striking paragraph
(5) .
(b) Effective Date.--The amendment made by this section shall apply
to losses sustained in taxable years beginning after December 31, 2024.
<all>