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Tax Relief for Crumbling Foundations: Easier Casualty Loss Deductions

This act aims to make it easier for individuals to recover money for property damage, such as crumbling foundations. It removes temporary limits on deducting personal casualty losses, potentially leading to larger tax refunds for those affected. Additionally, it extends the time frame for filing a claim for a tax refund in certain situations.
Key points
Easier Tax Deductions: The act removes temporary limits, potentially increasing the amount you can deduct for personal property losses, like those from crumbling foundations.
Extended Refund Claim Period: For losses incurred in 2017, individuals will have more time to file a claim for a tax credit or refund.
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Status:
Expired
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Additional Information
Tax Assistance for Crumbling Foundations Act
Print number: S 1027
Sponsor: Sen. Blumenthal, Richard [D-CT]
Process start date: 2021-03-25
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Tax Relief for Crumbling Foundations: Easier Casualty Loss Deductions

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 1027.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-25.

What are the main provisions?

Key points include:

  • Easier Tax Deductions: The act removes temporary limits, potentially increasing the amount you can deduct for personal property losses, like those from crumbling foundations.
  • Extended Refund Claim Period: For losses incurred in 2017, individuals will have more time to file a claim for a tax credit or refund.

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 Sen. Blumenthal, Richard [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 1027

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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