HR 481 · 119th CongressIn Committeecongress.gov ↗

Protecting Homeowners from Disaster Act of 2025

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would change tax rules for people who lose property due to accidents or disasters. Currently, taxpayers can only deduct these losses on their taxes if they happen during a federally declared disaster. The bill would remove this restriction and let people deduct any personal property losses when they file their taxes. The new rule would apply to losses that happen after 2024.

Sponsor

Rep. Brownley, Julia [D-CA-26]

D

Introduced

January 16, 2025

Policy Area

Taxation

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