This bill amends the Internal Revenue Code to repeal the tax rule in effect through 2025 that limits the deduction for personal casualty losses to only disaster-related losses.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Disaster relief and insuranceIncome tax deductionsLife, casualty, property insuranceTax administration and collection, taxpayers
To amend the Internal Revenue Code of 1986 to repeal the temporary rule limiting personal casualty losses to only disaster-related losses.
USA116th CongressHR-3251| House
| Updated: 6/13/2019
This bill amends the Internal Revenue Code to repeal the tax rule in effect through 2025 that limits the deduction for personal casualty losses to only disaster-related losses.