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End Double Taxation of Consumer Claim Awards

This act aims to make it easier for consumers to recover money from successful lawsuits or settlements related to consumer protection violations. It allows attorney fees and court costs associated with such cases to be deducted from income before taxes, meaning citizens will pay less tax on their awards.
Key points
Deductible legal costs: If you win a consumer case or reach a settlement, you can deduct attorney fees and court costs from your income before taxes are calculated.
Lower taxes on awards: This deduction will reduce the amount of income subject to tax, meaning you keep more of your award money.
Covers various consumer issues: The changes apply to a wide range of consumer protection violations, including credit fraud, real estate issues, unfair trade practices, and other actions harming consumers.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_S_467
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2025-02-06
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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 119_S_467.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-06.

What are the main provisions?

Key points include:

  • Deductible legal costs: If you win a consumer case or reach a settlement, you can deduct attorney fees and court costs from your income before taxes are calculated.
  • Lower taxes on awards: This deduction will reduce the amount of income subject to tax, meaning you keep more of your award money.
  • Covers various consumer issues: The changes apply to a wide range of consumer protection violations, including credit fraud, real estate issues, unfair trade practices, and other actions harming consumers.
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 Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Courts and Law Economy