Protecting Homeowners from Disaster Act of 2021
This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.
To amend the Internal Revenue Code of 1986 to repeal the limitation on 
                deductions for personal casualty losses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting Homeowners from Disaster 
Act of 2021''.

SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR PERSONAL CASUALTY LOSSES.

    (a) In General.--Section 165(h) of the Internal Revenue Code of 
1986 is amended by striking paragraph (5).
    (b) Effective Date.--The amendment made by this section shall apply 
to losses sustained in taxable years beginning after December 31, 2020.
                                 <all>
Protecting Homeowners from Disaster Act of 2021
To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses.
Protecting Homeowners from Disaster Act of 2021
Rep. Brownley, Julia