Natural Disaster Property Protection Act of 2025

HR 1093, the Natural Disaster Property Protection Act of 2025, raises the IRS reporting threshold for certain natural disaster-related property expenses. It increases the $600 minimum for businesses and service providers to report payments from $600 to $5,000 for expenses that either mitigate disaster risks to real property or repair damage caused by natural disasters. This change directly affects property owners and businesses making these specific payments, reducing the administrative burden for smaller transactions. The bill applies to payments made after its enactment date, streamlining reporting for qualified disaster-related costs.