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Tax Relief for Victims of Crimes, Scams, and Disasters

This act reinstates the ability to deduct personal losses from taxes incurred due to crimes, scams, or disasters, which was not possible since 2018. This means citizens who suffered such losses can again claim a portion of their money back. Additionally, the act extends the time to file a claim for a tax refund for years when this deduction was suspended.
Key points
You can once again deduct financial losses from taxes caused by crimes, scams, or disasters, such as property damage.
The changes apply to losses incurred since 2018, allowing you to claim tax refunds for previous years.
You have more time to file a tax refund claim if you previously could not use this deduction.
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Introduced
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Additional Information
Print number: 119_HR_3469
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2025-05-15
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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

Tax Relief for Victims of Crimes, Scams, and Disasters Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3469.

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 2025-05-15.

What are the main provisions?

Key points include:

  • You can once again deduct financial losses from taxes caused by crimes, scams, or disasters, such as property damage.
  • The changes apply to losses incurred since 2018, allowing you to claim tax refunds for previous years.
  • You have more time to file a tax refund claim if you previously could not use this deduction.
What is the specific legal status?

The current status is Introduced.

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. Steube, W. Gregory [R-FL-17].

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 2025-12-22.

CATEGORIES

Taxes