S. 3976 · 118th Congress
Tax Relief for Victims of Crimes, Scams, and Disasters Act
- Stage
- In committee
- Sponsor
- Tammy Baldwin
- Introduced
- 2024-03-19
- Latest action
- 2024-03-19 · Introduced in Senate
Summary
Tax Relief for Victims of Crimes, Scams, and Disasters Act
This bill reinstates the tax deduction for certain personal casualty losses (e.g., resulting from crimes, scams, natural disasters) by eliminating the suspension period (2018-2025) on such deduction.
The bill also extends the period for filing an amended return for claiming personal casualty losses.