What This Bill Does · Plain English
Summary · Congress.gov
Protecting Homeowners from Disaster Act of 2025 This bill repeals the limit on the itemized tax deduction for unreimbursed personal casualty losses. Specifically, the bill repeals a provision that generally limits the deduction for tax years 2018-2025 to losses that are attributable to a federally declared disaster. The bill applies to losses sustained after 2024.
Action Timeline
2025-01-16
Referred to the House Committee on Ways and Means.
2025-01-16
Introduced in House
2025-01-16
Introduced in House
Frequently Asked Questions
Did HR.481 pass?
HR.481 is still alive. Current stage: COMMITTEE. Pass likelihood: 42%.
What does HR.481 do?
Protecting Homeowners from Disaster Act of 2025 This bill repeals the limit on the itemized tax deduction for unreimbursed personal casualty losses. Specifically, the bill repeals a provision that generally limits the deduction for tax years 2018-2025 to losses that are attributable to a federally declared disaster. The bill applies to losses sustained after 2024.
Who sponsored HR.481?
HR.481 was sponsored by Julia Brownley (D-California).
Full Bill Text
119 HR 481 IH: Protecting Homeowners from Disaster Act of 2025 U.S. House of Representatives 2025-01-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 481 IN THE HOUSE OF REPRESENTATIVES January 16, 2025 Ms. Brownley introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses. 1. Short title This Act may be cited as the Protecting Homeowners from Disaster Act of 2025 . 2. Repeal of limitation on deduction for personal casualty losses (a) In general Section 165(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (5). (b) Effective date The amendment made by this section shall apply to losses sustained in taxable years beginning after December 31, 2024.
Loading intelligence layer…