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Tax relief for Hurricane Ian, Nicole, and Fiona victims.

This act introduces special tax relief for individuals who suffered property losses due to Hurricanes Ian, Nicole, and Fiona. Citizens affected by these natural disasters can expect larger tax deductions and an increased standard deduction, aiming to assist in recovery efforts. Additionally, residents of Puerto Rico will receive financial support equivalent to these tax benefits.
Key points
Increased tax deductions for property losses caused by Hurricanes Ian, Nicole, and Fiona.
Ability to increase the standard tax deduction by the amount of disaster-related losses.
Financial support for Puerto Rico residents, equivalent to the tax relief available in the US.
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Additional Information
Print number: 118_HR_1494
Sponsor: Rep. Donalds, Byron [R-FL-19]
Process start date: 2023-03-09