HR 5366
Became law
Lets individuals deduct more of their personal casualty losses from major disasters declared before 2027 and excludes from gross income certain compensation for wildfire losses that insurance does not cover.
Official title: Doug LaMalfa Federal Disaster Tax Relief Certainty Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
15-SEP-2025
Referred
15-SEP-2025
Approved by committee
25-MAR-2026
Reported
09-APR-2026
On the calendar
09-APR-2026
Passed
27-APR-2026
Senate
Received
28-APR-2026
Passed
07-AUG-2026
President
Presented
03-SEP-2026
Signed
11-SEP-2026
Became law
11-SEP-2026
- Sets the per-incident floor at $500 for qualified disaster-related personal casualty losses, with $100 for other personal casualty losses.
- Allows individuals who take the standard deduction to claim the portion of qualified net disaster losses that exceeds 10 percent of adjusted gross income.
- Excludes from gross income payments for losses from federally declared forest or range fire disasters declared after December 31, 2014 and before January 1, 2027, to the extent not covered by insurance.
- Applies the disaster loss provisions to taxable years beginning after December 31, 2024, and the wildfire payment exclusion to payments received in taxable years beginning after December 31, 2025.
Current. The Congressional Research Service's summary covers the bill's latest wording (Public Law, 11-SEP-2026).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Ways and Means Committee (House)
- Finance Committee (Senate)
Taxation
■ 8 D■ 6 R
8 Democrats