This legislation, titled the "Save America's Family Forests Act of 2026," significantly modifies the tax treatment of reforestation expenditures. It amends Section 194(b)(1)(B) of the Internal Revenue Code to increase the base expensing amount for general reforestation costs from $10,000 to $30,000 and from $5,000 to $15,000 for certain other expenditures. These increased amounts will also be subject to an inflation adjustment for taxable years beginning after 2026. Furthermore, the bill creates a new Section 194B, allowing a specific deduction for disaster-related reforestation expenditures . Taxpayers can deduct up to $500,000 per qualified timber property, with an aggregate limit of $1,000,000 for all properties, for costs incurred to reforest timber damaged by a Presidentially declared natural disaster within the preceding five years. This new deduction also includes an inflation adjustment for its dollar limits, effective for taxable years beginning after 2026. The bill defines "disaster-related reforestation expenditures" as those for uncut timber damaged by a qualified natural disaster, excluding certain reimbursed amounts. It also establishes rules for the recapture of these deductions if the timber property is disposed of within 10 years, with exceptions for casualties or the death of the taxpayer. These changes aim to incentivize and support reforestation efforts, particularly in areas affected by natural disasters.