Bipartisan Bill Aims to Provide Tax Relief for Scam Victims
A bipartisan bill called the Tax Relief for Fraud Victims Act (H.R. 9500) seeks to remove deductibility restrictions on fraud losses, offering relief to victims who have been unable to claim such deductions since 2018 unless related to a declared disaster. The measure was approved by the House Ways and Means Committee on July 1.
Topics: fraud legislation tax_deductions