Tax Relief for Victims of Crimes, Scams, and Disasters Act
IntroducedMay 15, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the House Committee on Ways and Means.
Taxation
Why This Matters
This bill would restore the federal tax deduction for personal casualty losses to its form before the 2017 tax law change. It also lets taxpayers file late claims for refunds or credits for those losses.
Who this affects
individuals with casualty losses
What changes is this bill making?
1Restores the deduction for personal casualty losses in federal tax law to how it stood before the 2017 tax law (Public Law 115-97).
2Applies this change to tax years beginning after December 31, 2017.
3Allows taxpayers who filed returns for years ending before January 1, 2025 without this deduction to claim credits or refunds for eligible losses.
4Extends the deadline for those refund or credit claims until the due date, including extensions, for the return covering the enactment date.
5Waives the usual one-year limit on filing refund claims for these personal casualty losses.
