Tax Relief for Fraud Victims Act
Sponsor
Full profile: /officials/M001222
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
1 cosponsor on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2026-01-09
Plain-English Summary
People who lose money to fraud would be allowed to claim a tax deduction for their losses, similar to how they can deduct other casualty losses on their tax returns. This would help victims of scams, identity theft, and other fraudulent schemes reduce their taxable income and potentially lower their tax bills. The change would primarily benefit individual taxpayers who have been defrauded and can document their losses.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
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