| Bill | HR 4539 |
|---|---|
| Type of Legislation | House Bill |
| Congress | 118 |
| Status | Archived — 118th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
Casualty Loss Deduction Restoration Act
This bill eliminates the suspension period (2018 through 2025) for the tax deduction for personal casualty lossess and increases from $10,000 to $50,000 the limitation on allowable amount of the deduction.
Bill Title
Casualty Loss Deduction Restoration Act
Linked Goals
Steps
- 2023-07-11: Referred to the House Committee on Ways and Means.
- 2023-07-11: Introduced in House
- 2023-07-11: Introduced in House
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.