H.R. 5366 - Civic Minded

H.R. 5366

Doug LaMalfa Federal Disaster Tax Relief Certainty Act

📅 Sep 11, 2026

Summary:

• Amends the Internal Revenue Code to provide special tax treatment for personal casualty losses from major disasters declared by the President between July 4, 2025, and January 1, 2027
• Creates an exclusion from gross income for compensation received for losses or damages from qualified wildfire disasters occurring after December 31, 2014
• Allows qualified disaster losses to be taken as part of the standard deduction rather than requiring itemization

Additional Details:

• Sets the dollar limitation for disaster losses at $500 per casualty (compared to $100 for regular casualty losses)
• Defines qualified wildfire relief payments to include compensation for additional living expenses, lost wages, personal injury, death, or emotional distress, but only to the extent not compensated by insurance
• The wildfire compensation exclusion applies only to payments received during taxable years beginning after December 31, 2025, and before January 1, 2031

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