Sometimes, victims of natural disasters get tax breaks; other times they don’t. Congress is looking at a standard approach.
WASHINGTON—Lawmakers are attempting to impose structure on tax breaks for disaster victims, seeking an end to a haphazard process that often leads to uneven results and leaves some people waiting years for relief.
The list of storms that caused financial damage to households has grown since Congress last completed a disaster tax bill, and breaks for disasters in 2018 and 2019, including Hurricane Florence in the Carolinas and flooding in Nebraska, are stalled.
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