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H.R. 318

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses.
About This Bill
Committee
Latest Action · January 12, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
January 12, 2023
Cosponsors (4)
4D 0R
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Summary

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Protecting Homeowners from Disaster Act of 2023 This bill repeals the current limitation on tax deductions for personal casualty losses. Under current law, such losses are deductible in taxable years 2018-2025 only to the extent that they are attributable to a federally declared disaster.

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