Comment Letter - Federal Tax Relief for Victims of Natural Disasters

In this comment letter, the AICPA urged Congress to enact disaster tax relief legislation soon in order to provide timely support to taxpayers that have been impacted over the past many years and without delaying relief into the next tax year. The AICPA has supported numerous legislative efforts to provide taxpayers with permanent and consistent tax relief to individuals and businesses affected by natural disasters. Taxpayers have not been afforded such relief since the Taxpayer Certainty and Disaster Tax Relief Act of 2020, despite millions of taxpayers having been impacted by natural disasters since then.