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

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1773 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1773 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 15, 2025 Ms. Baldwin (for herself, Mrs. Moody, and Mr. Welch) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tax Relief for Victims of Crimes, Scams, and Disasters Act''. SEC. 2. REINSTATEMENT OF DEDUCTION FOR PERSONAL CASUALTY LOSS. (a) In General.--Section 165(h) of the Internal Revenue Code of 1986 is amended by s…