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Congress plans to cut tax write-offs for disaster damage

Congress is planning to limit taxpayers’ ability to write off losses from wildfires and other disasters. The disaster write-off is one of the many little-known deductions that would be mostly wiped out in the Republican tax plan, but it’s getting new attention because of the fires that...
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As California burns, Congress is planning to limit taxpayers’ ability to write off losses from future wildfires and other disasters. The disaster write-off is one of the many little-known deductions set to be mostly wiped out in the...

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