regarding such account to the Secretary and to the account beneficiary with respect to contributions, distributions, the return of excess contributions, and such other matters as the Secretary determines appropriate. . (b) Deduction allowed whether or not individual itemizes other deductions Section 62(a) of such Code is amended by inserting after paragraph (21) the following new paragraph: (22) Disaster savings accounts The deduction allowed by section 224. . (c) Tax on excess contributions Section 4973 of such Code (relating to tax on excess contributions to certain tax-favored accounts and annuities) is amended— (1) by striking or at the end of subsection (a)(5), by inserting or at the end of subsection (a)(6), and by inserting after subsection (a)(6) the following new paragraph: (7) a disaster savings account (within the meaning of section 224(d)),