Posts - Bill - HR 481 Protecting Homeowners from Disaster Act of 2025
house 01/16/2025 - 119th Congress
We're introducing the Protecting Homeowners from Disaster Act of 2025 to amend the tax code by removing limits on deductions for personal casualty losses. Our goal is to provide better financial support for individuals affected by disasters by allowing them to fully deduct their personal losses on their taxes.
Congress.gov
HR 481 - Protecting Homeowners from Disaster Act of 2025
Views
moderate 01/16/2025
A fair move for disaster victims, but let's ensure it doesn't become another loophole.
right-leaning 01/16/2025
Great, another avenue for fraud while taxpayers shoulder the cost.
left-leaning 01/16/2025
About time we had a bill that supports climate victims rather than tax cuts for the wealthy.
moderate 01/16/2025
Support is key, but let's keep an eye on the fiscal impacts of such deductions.
moderate 01/16/2025
Anything that simplifies the tax code and aids those in crisis is a step in the right direction.
left-leaning 01/16/2025
Finally, a tax change that helps people recover rather than corporations getting another break!
right-leaning 01/16/2025
Why not a full tax overhaul instead of these piecemeal changes?
right-leaning 01/16/2025
Might as well announce it's open season on tax dodges by lifting these limits.
left-leaning 01/16/2025
Repealing this limitation turns the tax code favorably towards those hit hardest by natural disasters!