YALI Act of 2025

Senate Bill

S. 2236

119th Congress

YALI Act of 2025

In Committee

Introduced:Jul 10, 2025

Primary Sponsor

Chris Van Hollen

Senator

Democratic

MD

Cosponsors

4

Quick Stats

Policy Area

Taxation

Summary

This bill would restore the ability for individuals to claim a tax deduction for personal casualty losses, which was temporarily suspended from 2018 to 2025. It would also increase the maximum amount of the deduction from $10,000 to $50,000.

Latest Action

Read twice and referred to the Committee on Finance.

SponsorChris Van Hollen (D-MD)

Introduced7/10/2025

StatusRead twice and referred to the Committee on Foreign Relations.

ChamberSenate

Data from Congress.gov

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Vote Prediction

YALI Act of 2025

This bill would restore the ability for individuals to claim a tax deduction for personal casualty losses, which was temporarily suspended from 2018 to 2025. It would also increase the maximum amount of the deduction from $10,000 to $50,000.

Community Breakdown

Pass

0%

Fail

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0 predictions

This bill would restore the ability for individuals to claim a tax deduction for personal casualty losses, which was temporarily suspended from 2018 to 2025. It would also increase the maximum amount of the deduction from $10,000 to $50,000.

Bill Number: 2236
Sponsor: Chris Van Hollen (D-MD)
Introduced: 7/10/2025
Status: Read twice and referred to the Committee on Foreign Relations.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: YALI Act of 2025
Bill Number: 2236
Sponsor: Chris Van Hollen (D-MD)
Status: Read twice and referred to the Committee on Foreign Relations.
Introduced: 7/10/2025
Summary: This bill would restore the ability for individuals to claim a tax deduction for personal casualty losses, which was temporarily suspended from 2018 to 2025. It would also increase the maximum amount of the deduction from $10,000 to $50,000.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would restore the ability for individuals to claim a tax deduction for personal casualty losses, which was temporarily suspended from 2018 to 2025. It would also increase the maximum amount of the deduction from $10,000 to $50,000.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Casualty Loss Deduction Restoration Act This bill eliminates the suspension period (2018 through 2025) for the tax deduction for personal casualty lossess and increases from $10,000 to $50,000 the limitation on allowable amount of the deduction.

Key Points

Main provisions of the bill

Restores the tax deduction for personal casualty losses that was temporarily suspended from 2018 to 2025
Increases the maximum amount of the deduction from $10,000 to $50,000
Personal casualty losses could include damage to a home or personal property due to natural disasters, fires, or other unexpected events

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would benefit individuals who have experienced personal casualty losses, as they would be able to claim a larger tax deduction. This could provide financial relief to those who have faced unexpected damages or destruction of their personal property.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2236, 119th Congress (2025). "YALI Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2236

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