arrow_back Trending Legislation
Share share

Tax Relief for Wildfire Victims

This bill aims to exclude certain wildfire relief payments from an individual's taxable income. This means that money received to cover expenses and losses from qualified wildfires, not compensated by insurance, will not be subject to income tax. This measure is intended to help victims of these disasters recover more easily by reducing their financial burden.
Key points
Compensation for losses from federally declared wildfires will not be taxed.
This exclusion applies to payments received from 2020 through the end of 2025, provided losses were not covered by insurance.
Expenses covered by these tax-exempt payments cannot be claimed as deductions or credits.
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
Protect Innocent Victims Of Taxation After Fire Act
Print number: HR 4970
Sponsor: Rep. LaMalfa, Doug [R-CA-1]
Process start date: 2023-07-27