Extending Tax Relief Eligibility for Personal Losses from Qualified Disasters.
This law extends the timeframe during which a disaster must have occurred for citizens to claim special tax relief for personal casualty losses, such as damaged property. This change ensures that more individuals affected by recent natural disasters can access tax deductions. The goal is to help those impacted recover financially from the damage more easily.
Key points
Extends the period during which a disaster must have occurred for personal losses to qualify for special tax deductions.
Provides easier access to financial assistance and tax relief for individuals who lost property due to natural disasters.
Expired
Citizen Poll