Federal Disaster Tax Relief Act of 2025

# Federal Disaster Tax Relief Act of 2025 - Summary **What the Bill Would Do** The Federal Disaster Tax Relief Act of 2025 would provide tax relief measures for individuals and businesses affected by federally declared disasters. While specific provisions aren't detailed in the available information, disaster tax relief bills typically allow affected people to claim casualty losses, defer tax payments, use disaster-related retirement fund withdrawals without penalties, or receive extended filing deadlines. **Who It Affects** This bill would primarily benefit people and businesses in areas that experience federally declared disasters—such as hurricanes, floods, wildfires, or earthquakes. It could help them reduce their tax burden during recovery periods when they're dealing with property damage, business losses, or displacement. **Current Status** As of now, the bill (S 2744) remains in committee and has not advanced further in the legislative process.

It was introduced by Senator Rick Scott (R-FL) in the 119th Congress. No specific timeline for a vote exists at this stage.