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Tax Relief for Consumer Claim Legal Fees

This bill aims to reduce the tax burden for individuals who win consumer lawsuits or settlements. It allows attorney fees and court costs related to these cases to be deducted from gross income, meaning you'll pay less tax on the awarded amount.
Key points
Allows deduction of legal fees from gross income for successful consumer claims.
Covers a wide range of consumer protection violations, including fraud, unfair credit practices, and defective products.
Applies to costs paid in tax years ending after the act's enactment for judgments or settlements in those years.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_4457
Sponsor: Rep. Horsford, Steven [D-NV-4]
Process start date: 2021-07-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

End Double Taxation of Successful Consumer Claims Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4457.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-16.

What are the main provisions?

Key points include:

  • Allows deduction of legal fees from gross income for successful consumer claims.
  • Covers a wide range of consumer protection violations, including fraud, unfair credit practices, and defective products.
  • Applies to costs paid in tax years ending after the act's enactment for judgments or settlements in those years.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Horsford, Steven [D-NV-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Courts and Law