118th Congress · HOUSE BILLBILL

H.R. 6938 — Tax Relief for Victims of Crimes, Scams, and Disasters Act

“To amend the Internal Revenue Code of 1986 to reinstate the deduction for personal casualty losses as in effect prior to the enactment of Public Law 115-97 (commonly referred to as the "Tax Cuts and Jobs Act").”

Taxation

Introduced Jan 10, 2024

Last action Jan 10, 2024

Pipeline · Bill → Law

Step 1

Introduced

Jan 10, 2024

Step 2

Referred

Jan 10, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Jan 10, 2024

Introduced in House

Jan 10, 2024

Referred to the House Committee on Ways and Means.