arrow_back Trending Legislation
Share share

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.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Protecting Homeowners from Disaster Act of 2021
Print number: HR 2191
Sponsor: Rep. Brownley, Julia [D-CA-26]
Process start date: 2021-03-26