S. 2236 · 118th Congress · Senate

Casualty Loss Deduction Restoration Act

Active· Read twice and referred to the Committee on Finance.
Introduced
Jul 11, 23
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.

Action Timeline

2
  1. JUL 11, 2023•IntroReferral

    Introduced in Senate

  2. JUL 11, 2023•IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

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Referred: Jul 11, 2023

Active