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Tax Relief for Crumbling Foundations: Easier Loss Deductions

This act makes it easier for citizens to recover money for losses caused by crumbling home foundations. It removes temporary limits on deducting such losses from taxes and extends the time to file a claim for a tax refund. This means affected individuals can expect greater financial support.
Key points
Elimination of the temporary limitation on personal casualty losses, allowing full deduction of home damage-related losses.
Extension of the claim filing period from 3 to 4 years for losses incurred in 2017, providing more time to seek refunds.
Changes apply to losses incurred after December 31, 2017, covering current and future foundation damage cases.
article Official text account_balance Process page
Expired
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No votes cast
Additional Information
Print number: 117_HR_802
Sponsor: Rep. Courtney, Joe [D-CT-2]
Process start date: 2021-02-04
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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

Tax Assistance for Crumbling Foundations Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_802.

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 2021-02-04.

What are the main provisions?

Key points include:

  • Elimination of the temporary limitation on personal casualty losses, allowing full deduction of home damage-related losses.
  • Extension of the claim filing period from 3 to 4 years for losses incurred in 2017, providing more time to seek refunds.
  • Changes apply to losses incurred after December 31, 2017, covering current and future foundation damage cases.
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. Courtney, Joe [D-CT-2].

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 2025-12-28.

CATEGORIES

Taxes Real Estate