Protecting Homeowners from Disaster Act of 2021 This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.
Income tax deductionsLife, casualty, property insuranceTax administration and collection, taxpayers
Protecting Homeowners from Disaster Act of 2021
USA117th CongressHR-2191| House
| Updated: 3/26/2021
Protecting Homeowners from Disaster Act of 2021 This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.