H.R. 481: Protecting Homeowners from Disaster Act of 2025

H.R. 481 is a federal bill in the 119th Congress. Currently, taxpayers can only deduct personal casualty losses on their federal income taxes if those losses are due to a federally declared disaster. This bill changes that rule. After this bill takes effect, taxpayers will be able to deduct personal… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.