Tuesday, November 20, 2018

Republican Tax Bill Will End Benefits for California Wildfire Victims


By Nicole Goodkind On 12/11/17 at 7:52 PM


Republican members of Congress are gunning to limit taxpayers’ ability to write off losses from wildfires and other natural disasters.

The House tax bill would eliminate the deduction that allows victims of wildfires, floods, tornadoes and earthquakes to claim uninsured losses. The Senate version of the bill allows the deduction only if the president officially declares a federal disaster.


Over 58,000 wildfires in the U.S. have consumed more than 9 million acres so far this year. Under the Senate plan, few of these would qualify for the tax break.


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