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Tax Relief for Homeowners After Disasters

This act aims to simplify tax deductions for personal losses incurred due to disasters. It allows citizens to deduct the full amount of their losses from taxes, which can aid in recovery after unfortunate events. These changes apply to losses sustained from 2021 onwards.
Key points
Removes the limit on tax deductions for personal losses caused by disasters.
Allows deduction of the full amount of losses from taxes, potentially providing financial relief to affected individuals.
Changes are effective for losses sustained in taxable years beginning after December 31, 2020.
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Expired
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Additional Information
Print number: 117_HR_2191
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2021-03-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting Homeowners from Disaster Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2191.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-26.

What are the main provisions?

Key points include:

  • Removes the limit on tax deductions for personal losses caused by disasters.
  • Allows deduction of the full amount of losses from taxes, potentially providing financial relief to affected individuals.
  • Changes are effective for losses sustained in taxable years beginning after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Brownley, Julia [D-CA-26].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Real Estate