Pipeline · Bill → Law
Step 1
Introduced
Jan 16, 2025
Step 2
Referred
Jan 16, 2025
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
AI
Timeline · 2 actions
Jan 16, 2025
Introduced in House
Jan 16, 2025
Referred to the House Committee on Ways and Means.