Status: In Progress. Latest action (Sep 16, 2026): Received in the Senate and Read twice and referred to the Committee on Finance.
Tax Relief for Fraud Victims Act This bill expands the federal tax deduction for personal casualty and theft losses by eliminating certain limits, including the requirement that such losses arise from certain disasters. The bill also extends the tax refund deadline and modifies certain retirement plan rules related to certain fraud losses. The bill repeals the limit on the federal tax deduction…
House vote Sep 15, 2026: On Motion to Suspend the Rules and Pass, as Amended — Passed.