Bill · H.R. 3469· House(119-HR-3469)

Tax Relief for Victims of Crimes, Scams, and Disasters Act

Age: 48 years

Florida

Introduced: 5/15/2025
Last activity: 5/15/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: W. Steube
Cosponsors: - 23 - 39

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the "Tax Relief for Victims of Crimes, Scams, and Disasters Act," aims to amend the Internal Revenue Code of 1986. It seeks to reinstate the deduction for personal casualty losses that existed before Public Law 115-97 was enacted. The bill proposes striking paragraph (5) of section 165(h) of the Internal Revenue Code. Additionally, it includes provisions to extend the time allowed for taxpayers to file claims for credits or refunds related to these losses. The changes are intended to apply to taxable years beginning after December 31, 2017.

Yes· 3 of 6

Would middle-income households be better off under this?+5
The bill restores a tax deduction that helps middle-class families recover from unexpected casualty events.
Does this improve help for people hit by a disaster?+5
The bill provides indirect relief to disaster victims by allowing them to deduct casualty losses from their taxes.
Does this cut taxes for middle-income families?+5
The bill reinstates deductions for personal casualty losses, which provides tax relief to many middle-class taxpayers affected by disasters or crimes.

The opposite

Does this reduce what the federal government owes?-1
Reinstating deductions may slightly decrease federal revenue, contributing marginally to the national debt.