Tax Relief for Fraud Victims Act
15 September 2026 | Passed House with amendment (408-17)
What's next: To the Senate (if and when it takes it up)
Summary: The bill would expand tax deductions for personal losses from theft and fraud by eliminating requirements that such losses stem from declared disasters. It would also allow victims to claim deductions in the year they discover fraudulent theft losses rather than when they occur, extend refund claim deadlines, waive early withdrawal penalties on retirement accounts affected by fraud, and give victims one year to repay retirement plan withdrawals related to theft losses.
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Posted 16 September 2026