Bill would restore tax deductions for theft and fraud victims
Passed one chamberH.R. 9500Latest action
Sponsor: Max L. Miller · Representative · OH
AIDecoded by AI · checked against the recordRead the official text
Official title: Tax Relief for Fraud Victims Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The bill lets theft and fraud victims deduct losses on taxes again, undoing a 2017 restriction.
40-second read · 4 questions answered below
What does this do?
This bill repeals a 2017 tax law limit that generally blocked deductions for personal casualty and theft losses outside federally declared disaster areas. It adds special rules for fraud and scam victims, letting them choose which tax year to report losses, giving extra time to file refund claims, and allowing penalty-free early retirement withdrawals to cover fraud losses. It also gives homeowners with pyrrhotite-damaged foundations extended, backdated time to claim deductions.
Who does it affect?
The bill affects individual taxpayers who are victims of theft, scams like romance or investment fraud, and homeowners with pyrrhotite-related foundation damage, notably in Connecticut and other states.
Why does it matter?
Reversing the 2017 limitation would expand who can claim casualty and theft loss deductions, affecting federal tax revenue and filing procedures for affected taxpayers.
AI-drafted summary. Check it against the official text before you act on it.
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Where does it stand?
- IntroducedJun 29, 2026
- House committee
- House vote
- SenateYou are here · Sep 16, 2026
- The president's desk
Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Finance.
Recorded votes
Roll-call votes recorded since January 3, 2025.
House · · Roll call 305
As recorded
- Question
- On Motion to and Pass, as Amended
- Result:
- Passed
- 408
- Nay
- 17
- 0
- 8
Republicans 195 yes, 17 no, 6 not voting · Democrats 212 yes, 2 not voting · Independent 1 yes
Official recordHow members voted
The official record lists how each member voted.Official record
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How it's being covered
Coverage of this bill from across the press. Each outlet's political lean is labeled where AllSides has rated it, and marked "Not rated" where it has not.
Newest of these articles:
americanbanker.com
Not rated
finance.yahoo.com
Not rated
cnbc.com
Center
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