HR 481
Protecting Homeowners from Disaster Act of 2025
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.
Bill status
- Status
- In committee
- Sponsor
- Rep. Julia Brownley [D-CA-26]
- Cosponsors
- 1
- Policy area
- Taxation
- Introduced
- 2025-01-16
- Latest action
- 2025-01-16: Referred to the House Committee on Ways and Means.
Committee referrals
Recent actions
- 2025-01-16: Referred to the House Committee on Ways and Means.
- 2025-01-16: Introduced in House
- 2025-01-16: Introduced in House