Tax Assistance for Crumbling Foundations Act 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
Tax Assistance for Crumbling Foundations Act
USA117th CongressHR-802| House
| Updated: 2/4/2021
Tax Assistance for Crumbling Foundations Act 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.