CBO Issues Cost Estimate for Federal Disaster Tax Relief Act
January 11, 2024
January 11, 2024
WASHINGTON, Jan. 11 -- The Congressional Budget Office issued the following cost estimate on Jan. 9, 2024, for the Federal Disaster Tax Relief Act (H.R. 5863):
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Bill Summary
H.R. 5863 would amend the Internal Revenue Code to provide tax relief to people affected by certain federally declared disasters. The bill would allow affected taxpayers to deduct losses arising from federally declared disasters without itemizing deductions on their tax returns and . . .
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Bill Summary
H.R. 5863 would amend the Internal Revenue Code to provide tax relief to people affected by certain federally declared disasters. The bill would allow affected taxpayers to deduct losses arising from federally declared disasters without itemizing deductions on their tax returns and . . .