Tax Assistance for Crumbling Foundations Act
USA117th CongressS-1027| Senate
| Updated: 3/25/2021
Richard Blumenthal
Democratic Senator
Connecticut
Cosponsors (3)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Income tax deductionsLife, casualty, property insuranceTax administration and collection, taxpayers
Tax Assistance for Crumbling Foundations Act
USA117th CongressS-1027| Senate
| Updated: 3/25/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Richard Blumenthal
Democratic Senator
Connecticut
Cosponsors (3)
Finance Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Income tax deductionsLife, casualty, property insuranceTax administration and collection, taxpayers