Sen. Rick Scott Introduces Legislation to Provide Tax Relief for Victims of Hurricanes, Wildfires, & Other Natural Disasters

WASHINGTON, D.C. - Today, Senator Rick Scott introduced new legislation to allow for tax relief for victims of federally declared disasters through the end of 2026, including hurricanes and wildfires. The bill also extends victims' ability to make tax deductible payments from wildfire settlements, which often happen many years after a disaster, through the end of 2030. Congressman Greg Steube will be introducing the companion legislation in the House of Representatives.

Last Congress, Senator Scott and Congressman Steube successfully worked to pass their Federal Disaster Tax Relief Act of 2023 to provide meaningful and long-overdue tax relief for victims of hurricanes and other natural disasters. This new legislation ensures victims of natural disasters have immediate access to tax relief for years to come.

Senator Rick Scott said, "It is absolutely heartbreaking to see families of natural disasters - whether that's hurricanes, wildfires, or massive flooding - who have lost everything and are working hard to get back on their feet. They need all the support they can get from their federal government, and for years, we have been able to come together to provide common-sense tax relief to victims in a bipartisan effort. My bill extends this relief through the end of 2026 to ensure relief is available for any victims, and expands support for the victims of wildfires like the California fires in January that took innocent lives and caused massive damage that families are still working to recover from. This legislation is an important step to ensure that when disaster strikes, Washington stands with survivors, not against them."

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