Washington, April 29 -- Representative Greg Steube issued the following press release:
U.S. Representative Greg Steube (R-Fla.) announced that the House of Representatives has passed the Doug LaMalfa Federal Disaster Tax Relief Certainty Act (H.R 5366) (https://www.congress.gov/bill/119th-congress/house-bill/5366?s=3&r=22). Rep. Steube's legislation extends current law by delivering critical tax relief to Americans impacted by federally declared natural disasters.
Under this legislation, victims can deduct qualified casualty losses without having to itemize deductions for federally declared disasters between July 4, 2025 and December 31, 2026. It also ensures certain disaster relief payments are not treated as taxable income. These provis...