Tax Relief for Fraud Victims Act
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
This bill amends the Internal Revenue Code to repeal the limitation on deductions for personal casualty losses and to provide enhanced tax relief for victims of theft involving fraud, deceit, or misrepresentation. Taxpayers who suffer fraud-related theft losses may elect to claim the deduction in the year the loss occurred rather than the year it was discovered, and the statute of limitations for filing refund claims is extended to one year after discovery. The bill also allows penalty-free early withdrawals from retirement accounts for fraud-related theft losses and includes retroactive relief for homeowners with pyrrhotite-related concrete foundation damage.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
The recorded vote
Counted from roll-call records for sitting members · source: congress.gov · Recent votes in Congress
How your representatives voted
Sign in to see how your representatives voted on this bill.