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Claiming Losses After Disasters Act

This Act amends the Internal Revenue Code of 1986 to provide special rules for personal casualty losses arising from major disasters. It allows qualified net disaster losses to be calculated without the requirement that they exceed 10 percent of adjusted gross income. Additionally, the Act permits the standard deduction to be increased by the disaster loss deduction.
Key points
Allows qualified net disaster losses to be deducted without regard to the 10% adjusted gross income (AGI) floor.
Permits the "disaster loss deduction" to be added to the standard deduction.
Defines a qualified disaster area as an area where a major disaster was declared after December 27, 2020.
Sets the dollar limitation to $500 for net disaster losses (instead of the standard $100).
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Expired
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Additional Information
Print number: 117_S_3173
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2021-11-04
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OFFICIAL LEGAL TITLE

Claiming Losses After Disasters Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3173.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-11-04.

What are the main provisions?

Key points include:

  • Allows qualified net disaster losses to be deducted without regard to the 10% adjusted gross income (AGI) floor.
  • Permits the "disaster loss deduction" to be added to the standard deduction.
  • Defines a qualified disaster area as an area where a major disaster was declared after December 27, 2020.
  • Sets the dollar limitation to $500 for net disaster losses (instead of the standard $100).
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. Kennedy, John [R-LA].

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 2026-01-02.

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