Protecting Homeowners from Disaster Act of 2025

Bill: 119-hr-481
Sponsor: full_name: Rep. Brownley, Julia [D-CA-26]
Introduced: 2025-01-16
Policy area: Taxation
Latest action: action_date: 2025-01-16
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2025-01-16
action_desc: Introduced in House
text: <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.&nbsp;</p>

tv_txt: I 119th CONGRESS 1st Session H. R. 481 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.

1. Short title This Act may be cited as the Protecting Homeowners from Disaster Act of 2025 . 2. Repeal of limitation on deduction for personal casualty losses (a) In general Section 165(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.